Eurazeo Acquires Majority Stake in Netco Group Industrial Services

Eurazeo’s Capital team has entered into a definitive agreement to acquire a majority stake in Netco Group, a leading European provider of critical maintenance services for conveyor systems. The stake is being acquired from Ardian, a global private investment firm, alongside Netco’s management team. The deal includes a significant reinvestment by Netco’s founders, signaling a shared commitment to accelerate the Group’s development and strengthen its market positioning.

Founded in 1902 in Bordeaux by the Perriez family, Netco has grown into a European leader and international operator in the maintenance and servicing of conveyor systems. The company serves a broad range of sectors including minerals, energy, recycling and waste, machinery, agri-food, metallurgy, and pharmaceuticals and chemicals. Netco’s services are critical to industries where uninterrupted process continuity is essential, as conveyor failures can cause substantial production losses.

Under the leadership of Samuel and James Perriez, representing the fourth generation of the founding family, Netco has expanded globally through organic growth and acquisitions. The Group holds market-leading positions in France, Spain, and the Benelux region, with growing footprints in the UK and Portugal. It operates over 100 service points worldwide and employs approximately 1,400 people, serving more than 2,500 customers.

Netco’s integrated business model combines maintenance, distribution, and PVC and PU belt manufacturing, positioning it to benefit from the increasing trend of outsourcing maintenance services in Europe and beyond. The market remains resilient yet fragmented, offering significant opportunities for consolidation.

Eurazeo brings extensive experience in international expansion and operational investment, leveraging its presence across Europe, the United States, and China. The investment group manages €39 billion in diversified assets and supports over 700 mid-market companies globally. Eurazeo’s Capital team will collaborate closely with Netco’s management to pursue targeted M&A strategies and operational improvements.

“We are proud to invest in Netco and excited to work alongside Samuel and James Perriez to accelerate the company’s international expansion by leveraging our global footprint and operational capabilities,” said Edouard Guigou, Partner, and Rémi Viel, Managing Director at Eurazeo. “This transaction reflects Eurazeo’s disciplined approach to building a portfolio of globally scalable platforms in diversified sectors, including critical Business Services, where Netco’s market leadership and network density are key differentiators.”

James and Samuel Perriez added, “Eurazeo is the perfect partner: it aligns with our values and continues the momentum established during the Ardian cycle, providing the necessary support to achieve our growth ambitions.” Ardian’s Managing Directors, Alexis Lavaillote and Maxime Sequier, noted that Netco’s strong position and resilient business model have been enhanced by 20 acquisitions during their investment period, including the company’s first in the US.

The transaction remains subject to customary closing conditions and regulatory approvals. Post-completion, Eurazeo and Netco’s management plan to continue expanding through acquisitions and operational enhancements, focusing on digitalization and predictive maintenance to increase client retention and service quality.

This acquisition strengthens Eurazeo’s footprint in the critical maintenance services market and supports Netco’s ambition to consolidate fragmented markets and expand geographically. The deal is expected to generate synergies through cross-selling, procurement efficiencies, and streamlined operations across multiple regions.

Challenges ahead include aligning management cultures, maintaining service continuity during integration, and executing a balanced growth strategy combining organic expansion with acquisitions. The transaction is likely to accelerate industry consolidation and intensify competition, prompting rivals to enhance their service offerings and pursue their own growth initiatives.

Looking forward, Eurazeo’s investment in Netco underscores its commitment to building resilient, scalable platforms in essential industrial services, leveraging operational expertise and global reach to drive long-term value creation.