Leading specialist in conveyor systems in France and Belgium
Founded in 1902 in France, NetCo (“the Group”) grew to become a European leader in the maintenance of conveyor systems across key industries including quarries, food and heavy goods.
Thanks to its robust operating model, NetCo has become a strategic partner for customers by supporting critical parts of their industrial processes. At the time of exit, the Group was headquartered in Bordeaux and operated across France, with further presence across Belgium and Luxembourg.
A majority stake of NetCo Group was acquired by IK Partners in March 2019 alongside the founding family and previous investor Andera Partners. In July 2021, the Group was sold to Ardian.
Our Value Creation Strategy
During our ownership, we worked alongside management to:
- Continue to grow the business organically in existing geographies through customer base expansion and further diversification towards conveyor belts made out of polyvinyl chloride;
- Drive consolidation of the French market through buy-and-build strategies;
- Expand the service business in Europe and Internationally, targeting DACH, Spain and the Nordics; and
- Develop the distribution business internationally.
Quote from the Client
“Our goal, to accelerate our international development by capitalising on our values, the ones of a family business, means that we see Ardian as a natural fit with whom to join forces. We believe the Expansion team has all the skills and expertise necessary to enable NetCo Group to achieve its growth ambitions.”
Samuel and James Perriez, Founding Family, Netco