Gimv acquires 25% stake in ARS T&TT

Following the deal, the shareholders are planning to double the company's turnover and cashflow over the next five years.

The transaction was initiated by KPMG.

Company
ARS T&TT is a transportation services company based in The Hague, Netherlands. The company was founded in 1998 and began operating in India in 2000; the Indian operations are based in Trivandrum. 

ARS T&TT's service range includes traffic monitoring, management and tolling. Its clients include Nederlandse Spoorwegen (NS), Nationale Databank Wegverkeersgegevens (NDW), Trafikverket and Bharat Petroleum Corporation (BPCL).

The company forecasts a €24m turnover for 2012.

People
Sander van Vreumingen, executive investment manager for Buyouts & Growth Netherlands, led the deal for Gimv. Jan Linssen, CEO and founder, will continue to hold a 75% stake in the business.

Advisers
Equity - Deloitte (Tax, financial due diligence); Houthoff Buruma (Legal); Arthur D. Little (Commercial due diligence).

 

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• Topics
• Expansion
• Benelux
• Industrials
• Netherlands
• Gimv