Gimv completed the acquisition of a majority stake in Verkley from PMH Investments.

Gimv, a European private equity firm, completed the acquisition of a majority stake in Verkley, a company engaged in underground infrastructure, specialising in building and maintaining underground cable and pipeline networks, from PMH Investments, an investment company. Financial terms were not disclosed. "With the arrival of Gimv and its expertise, we hope to be an even better partner for our customers. By taking on board this experienced partner with a strong network in our sector, we are ready for the next phase of growth. Our shared vision on long-term value creation is the best guarantee for success in our markets and for continuity for all our stakeholders. At the same time if offers greater career opportunities and development prospects for our employees," Erik Blauw, Verkley CEO.