Triton-backed EQOS snaps up Colas Rail Belgium

EQOS will expand Colas to include long-distance railway traffic after the acquisition.

  • EQOS Group is a service provider for technical infrastructures in Europe
  • Colas Rail Belgium generated around €23 million in revenue in 2021
  • It focuses on catenary construction and track construction

Triton announced that its Triton Fund IV portfolio company EQOS Group has acquired Colas Rail Belgium. The Enghien, Belgium-headquartered company focuses on catenary construction and track construction. EQOS Group, headquartered in Biberach an der Riß, Germany, is a service provider for technical infrastructures in Europe.

EQOS will continue to operate Colas Rail Belgium’s headquarters in Enghien for the long-distance transport business and the company will do business under the name of EQOS Energie Belgium. The company generated approximately €23 million in revenue in 2021.

“Colas Rail Belgium gives us access to the long-distance transport sector in Belgium where rail routes are being converted and expanded in a climate-friendly way with investments worth billions,” said Eric Mendel, CEO of EQOS Group. “The company is a perfect match for our sustainable infrastructure portfolio, At the same time, this is the starting signal for our growth strategy in railway technology.”

Triton Partners, the London-headquartered private equity firm, has a portfolio of 49 companies. It invests across strategies in the industrial tech, services, consumer and healthcare sectors. EQOS Group was acquired by Triton Fund IV in February 2014.

Triton’s portfolio companies have been busy in recent weeks, with OCU acquiring Opals as reported by PE Hub Europe. OCU followed up that deal with a further acquisition of InICT.