ARQIS Rechtsanwälte and Cobalt Legal advised on the deal
AVS Verkehrssicherung GmbH finalized the acquisition of KMK Projekts, a leading provider of traffic safety products and permanent road marking in Latvia. For AVS, this transaction is an important step into a growing market and will lead to beneficial synergies for both companies. The purchase price has not been disclosed.
Founded in 1994, KMK Projekts provides and installs crash barrier systems and offers horizontal road marking, on both urban roads and highways. In addition, KMK Projekts designs and plans permanent traffic flow and temporary traffic organization solutions. The company’s clients include both public authorities and municipalities as well as private companies and individuals. Headquartered in Riga, KMK Projekts is a member of Latvian road construction companies’ association (Latvijas Celinieku Asociacija).
AVS, headquartered in Kürten, Germany, is a leading specialist provider of professional traffic safeguarding – especially for major projects on federal motorways. For more than 30 years, AVS has been offering complete services for traffic safeguarding from a single source. With its special expertise in mobile traffic signal systems and mobile crash barriers, the AVS group is represented in Germany by a team of over 500 employees at 14 locations.
ARQIS Rechtsanwälte advised AVS Verkehrssicherung GmbH with a team including Jörn-Christian Schulze (Picture), Thomas Chwalek, Nima Hanifi-Atashgah (M&A), Carina Engelhard (labour law)
In Riga, Cobalt Legal advised AVS Verkehrssicherung GmbH with Dace Silava-Tomsone, Toms Šulmanis, Sandija Novicka and Elina Locmele
Involved fees earner: Dace Silava-Tomsone – Cobalt Legal; Toms Šulmanis – Cobalt Legal; Sandija Novicka – Cobalt Legal; El?na Lo?mele – Cobalt Legal; Jörn-Christian Schulze – Arqis; Thomas Chwalek – Arqis; Nima Hanifi-Atashgah – Arqis; Carina Engelhard – Arqis;
Clients: AVS Verkehrssicherung GmbH;