Ardian announced it has entered into a definitive agreement to sell Netco Group, a European provider of critical maintenance services for conveyor systems, to Eurazeo, marking a transition to a new ownership phase focused on accelerating international growth.
The transaction includes the reinvestment of Netco’s founding family and management team, aligning interests with Eurazeo to support the company’s continued expansion. The deal remains subject to customary regulatory approvals and closing conditions.
Founded in 1902 and headquartered in Bordeaux, Netco has become a leading provider of maintenance and service solutions for conveyor systems used across essential industries such as energy, mining, recycling, agri-food, and manufacturing. The company operates in sectors where operational continuity is critical, making its services highly strategic for customers.
Led by Samuel and James Perriez, Netco has expanded globally through a combination of organic growth and acquisitions, establishing a presence across four continents and operating more than 100 service locations worldwide. The company holds strong market positions in France, Spain, and the Benelux region, with growing operations in the United Kingdom and Portugal.
Eurazeo plans to partner with Netco’s management team to continue scaling the business, particularly through targeted mergers and acquisitions. The firm will leverage its global footprint and expertise in business services to support operational improvements and international expansion.
The transaction highlights the strength of Netco’s business model, which combines maintenance services, distribution, and conveyor belt manufacturing, positioning the company to benefit from increasing outsourcing trends in industrial maintenance markets.
For Ardian, the sale represents a successful exit following a period of significant growth and strategic development, including 20 acquisitions completed during its ownership, as well as expansion into new markets such as the United States.
Eurazeo, a European investment group with a global presence, continues to build a portfolio of scalable businesses across sectors, with a focus on long-term value creation and international growth opportunities.
KEY QUOTES:
“We are proud to invest in Netco and are excited to work alongside Samuel and James Perriez in accelerating the company’s international expansion strategy by leveraging our global footprint and operational capabilities. This transaction reflects Eurazeo’s disciplined approach to building a portfolio of globally scalable platforms in diversified sectors, including critical Business Services, where we have developed deep expertise and where Netco’s market leadership and network density are key differentiators.”
Edouard Guigou, Partner, and Rémi Viel, Managing Director, Capital Team, Eurazeo
“Eurazeo is the perfect partner: It aligns with our values while fitting into the continuity of the Ardian cycle, providing the necessary support to achieve our Group’s growth ambitions.”
James Perriez, CEO, and Samuel Perriez, President, Netco Group
“We are very pleased to have supported Netco’s development over recent years and to see the Group enter a new phase of growth alongside Eurazeo. Netco has built a strong leading position in critical maintenance services across Europe, supported by a resilient business model. The group closed 20 acquisitions over our investment period, including a first one in the US. This transaction reflects the success of the strategy implemented under the exceptional leadership of Samuel and James Perriez.”
Alexis Lavaillote and Maxime Sequier, Managing Directors Expansion, Ardian
