M&A Deal Summary

Geveko Markings Acquires PPG - Traffic Solutions Operations

On October 17, 2023, Geveko Markings acquired business services company PPG - Traffic Solutions Operations from PPG

Acquisition Highlights
  • This is Geveko Markings’ 1st transaction in the Business Services sector.
  • This is Geveko Markings’ 1st transaction in Australia.

M&A Deal Summary

Date 2023-10-17
Target PPG - Traffic Solutions Operations
Sector Business Services
Buyer(s) Geveko Markings
Sellers(s) PPG
Deal Type Divestiture

Target

PPG - Traffic Solutions Operations

Ingleburn, Australia
PPG's Traffic Solutions Operations production, quality control, and R&D facility.

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Buyer(S) 1

Buyer

Geveko Markings

Kristianstad, Sweden

Category Company
Founded 1924
Sector Safety/Security
Revenue 962M SEK (2014)
DESCRIPTION

Geveko Markings is a road marking company. Operations focus on production and sale of road-marking products and contract services. Collaboration across national boundaries. Geveko offers environmentally friendly and innovative products of high quality with the goal of creating safer roads and consequently support Geveko's mission and mission to actively participate in road safety in Europe. Geveko Markings was founded in 1924 and is based in Kristianstad, Sweden.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

PPG

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1883
Sector Chemicals
Employees50,000
Revenue 18.2B USD (2023)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 4 of 6
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 4
Country (Australia) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Cetelon

Ditzingen, Germany

Cetelon is a provider of decorative paints and functional speciality coatings for niche applications, primarily in the automotive, mechanical engineering, railway, and construction industries. Cetelon was founded in 1948 and is based in Ditzingen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 PPG - Silicas Products Business

Pittsburgh, Pennsylvania, United States

PPG's Silicas Products Business manufactures and supplies precipitated silica products to major companies worldwide as performance-enhancing additives.

Sell $310M