I Squared Capital announced that, through its flagship fund, it has agreed to acquire Ramudden Global from funds advised by Triton Partners, positioning the traffic management and infrastructure safety provider for its next phase of growth across Europe and North America. Financial terms were not disclosed.
Ramudden Global provides traffic management and infrastructure safety services that support maintenance and upgrades across transport and utility networks. The company operates more than 190 depots across 13 countries in Europe and North America, delivering services tied to safety, regulatory compliance, and continuity during road, utility, and broader infrastructure works.
I Squared said the investment aligns with its strategy of backing essential, regulated infrastructure businesses that underpin public safety and mobility. The firm pointed to steady demand driven by ongoing investment needs in aging roads, transport networks, and utility infrastructure, as well as tightening safety and regulatory requirements that increase reliance on professional traffic management and safety providers.
Triton created Ramudden Global alongside founders and management through a consolidation strategy that began with Ramudden in Sweden in December 2017, followed by AVS in Germany in January 2018, and Chevron in the UK plus Fero in Belgium and the Netherlands in April 2018. The businesses were combined into a single group in 2020 and later expanded beyond Europe with the addition of Canada-based RSG International in 2024 and U.S.-based Curtin in 2025.
Today, about two-thirds of Ramudden’s operations are in Europe, with the remainder split between Canada and the U.S. The company’s group turnover as of January 2026 is more than €1 billion (about $1.2 billion), according to the announcement.
The deal is expected to close in the first half of 2026, subject to customary regulatory approvals and closing conditions.
KEY QUOTES:
“Ramudden Global is one of the clear market leaders across its key geographies providing a critical service that helps thousands of customers meet strict and regulatory-driven safety standards. For I Squared, Ramudden is well positioned to benefit from predictable, long-term spending and a high level of recurring demand. We’re excited to work with Ramudden to support its continued growth and evolution from a European leader to a world-class global infrastructure safety platform.”
Mohamed El Gazzar, Senior Partner, I Squared Capital
“All of us at Triton would like to thank the platform founders, group management and the company’s skilled employees for their hard work and contributions during our ownership and for their continuous efforts in building the future of Ramudden. We are glad to have been able to support the board and management to execute the long-term vision for Ramudden Global by setting the strategy and overseeing the creation of a recognized European and global champion in a fragmented and overlooked industry.”
Peder Prahl, Founder and CEO, Triton
“Ramudden Global is today well positioned to continue expanding our footprint, investing in innovation and digital solutions, and strengthening our ability to deliver safe, reliable traffic management services for our customers across Europe and North America. We are excited to partner with I Squared Capital on this transaction; they bring deep infrastructure expertise and a long-term investment approach that aligns well with our growth ambitions.”
Morten Finslo, CEO, Ramudden Global
