Norva24 Acquires Kanal-Türpe in Bretzfeld, Germany

November 2, 2020

Norva24 has acquired Kanal-Türpe, a Southern Germany provider of underground infrastructure maintenance (UIM) services with approximately EUR 20 million in revenues and a fleet of about 100 vehicles. The add-on strengthens Norva24’s position in the fragmented German UIM market and brings the group closer to its goal of becoming the clear market leader in Northern Europe; terms were not disclosed.

Buyers
Norva24, Valedo Partners
Targets
Kanal-Türpe
Platforms
Norva24
Location
Baden-Württemberg, Germany
Transaction Type
Addon

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