IK Investment Partners completed the acquisition of NetCo Group from Andera Partners.

Private equity firm IK Investment Partners completed the acquisition of NetCo Group, a specialist of preventive and curative maintenance of conveyor systems, from Andera Partners. Financial terms were not disclosed. "We are delighted to partner with NetCo, business with a diverse and competitive product offering and a phenomenal legacy which spans more than a century. We are especially impressed with the company’s track record of integrating bolt-on businesses and the breadth of its longstanding management team. We look forward to working with them to help NetCo become the number one player in the European conveyor belt service market," Pierre Gallix, IK Partner.