TVH Group acquires Industrial Access SA

Balkan Accession Fund (BAF), a private equity fund advised by Axxess Capital and Stefan Ponea, founder and CEO of Industrial Access SA, a premium provider of equipment rental services in South Eastern Europe have signed an agreement for the transfer of 100% of the shares in Industrial Access SA to TVH Group, a worldwide provider of parts for materials handling and other industrial equipment and of powered access rental services

Industrial Access is the largest independent powered access rental company in the Balkans area (Romania, Bulgaria and the Republic of Moldova). It owns a premium rental fleet across multiple equipment families such as aerial work platforms, earth moving and compaction, fence and accommodation, power, air and water equipment and small construction equipment. In 2007, the company’s founder joined with BAF.

The family-run TVH Group services more than 20,000 customers in 170 countries worldwide, with subsidiaries and branches in 30 countries and has about 4,900 employees. The group has two main areas of operations – the sale and distribution of spare parts for materials handling, industrial equipment and agricultural tractors and machinery, and the rental of access equipment.

The Purchaser was advised on the legal and tax sides by NNDKP. The Sellers were assisted by KPMG as M&A advisor and by Mrs Gabriela Assoum Predescu on the legal side.

The transaction is conditional upon obtaining the approval from the Romanian Competition Council.

by Mihaela Constantin