Argo advises Gimv on the acquisition of a majority stake in Alro Group
Argo advises Gimv on the acquisition of a majority stake in Alro Group, a specialist in industrial coating of car and truck parts with over 1,000 employees in Belgium and Slovakia. Alro’s broad customer base includes just about every well-known name in the car and truck industry. Gimv takes over the majority stake from the founding Thijs family. Current management remains on board and reinvests to further support the company’s growth. The transaction is subject to the usual conditions, including approval by the competition authorities.