GroundBirds BV (formerly DVDS), a portfolio company of IceLake, has acquired a majority stake in GfS, a specialized service provider in the field of road infrastructure and traffic safety.
GfS Gesellschaft für Straßenunterhaltung mbH, which Finatem acquired in 2018, is a specialist service provider based in southern Germany in the field of road infrastructure and traffic safety, focusing on the installation and maintenance of guardrail systems and related traffic safety solutions.
GroundBirds BV is a Dutch group of infrastructure maintenance specialists, active in asphalt maintenance, marking and lining, traffic management and road lighting.
The transaction supports GfS’ next phase of development and provides a strong platform to further strengthen capabilities, expand service coverage and pursue attractive growth opportunities.
CODEX Partners prepared the commercial due diligence of GfS for GroundBirds.
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