Solutions 30 operates in France, Benelux, Germany, Italy, and Spain, actively pursuing European expansion through M&A and was looking to enter the Polish market through acquisitions.
ELMO is a construction company from Eastern Poland, engaged in the areas of power grid, road, infrastructure. As part of its business, ELMO’s telecom support support business was a preferred partner of Orange Poland, with a network of 620 technicians providing installation and maintenance services to more than 900,000 customers. ELMO’s telecom operations generate annual revenues of €15 million.
In November 2019, Solutions 30 acquired ELMO’s telecom support services business in an asset deal.
Aventis Advisors acted as an exclusive financial advisor to Solutions 30 throughout the full process: performing market screening, approaching the targets, coordinating due diligence and SPA negotiations.