Aurelius-backed Greenovis Group completed the acquisition of Stadtgrün Potsdam and TEGLa.

Aurelius-backed Greenovis Group, a company specializing in gardening and landscape construction, completed the acquisition of Stadtgrün Potsdam and TEGLa, companies specializing in gardening and landscape design. Financial terms were not disclosed. Through the acquisition of TEGLa, the Greenovis Group is also expanding its portfolio in the areas of civil engineering, earthworks, waste disposal and the manufacture of automatic irrigation systems. As part of Aurelius' buy-and-build strategy, these acquisitions are further steps for the Greenovis Group on its way to the top of the German gardening and landscaping sector.