BUKO Strengthens Greater London Presence with Keltic Acquisition

Deal News | Jul 21, 2025 | Equistone Partners Europe

BUKO Strengthens Greater London Presence with Keltic Acquisition

BUKO Group, a European leader in temporary traffic management services, has acquired Keltic Traffic Management to strengthen its presence in London. This acquisition is part of BUKO's expansion strategy, supported by its private equity backer Equistone Partners Europe. BUKO, headquartered in the Netherlands, has been pursuing growth within its core market while strategically entering new European markets including the UK. The acquisition adds Keltic's expertise in complex traffic management in London to BUKO’s growing portfolio. The acquisition follows Equistone's majority investment in BUKO in February 2023, demonstrating BUKO's robust expansion strategy. Keltic, founded in 2016, services major UK utility and civil companies. Advisors for the deal included PwC, Ashfords, Clifford Chance, Roland Berger, and Marsh for BUKO, and Clearwater and Addleshaw Goddard for Keltic.

Sectors

  • Infrastructure
  • Private Equity
  • Mergers and Acquisitions

Geography

  • United Kingdom – The acquisition focuses on enhancing BUKO's presence in the Greater London area, a key geographical focus in the article.
  • Netherlands – BUKO is headquartered in the Netherlands, indicating the geographical origin and operations base.

Industry

  • Infrastructure – The article involves companies providing temporary traffic management services, which is a critical aspect of infrastructure.
  • Private Equity – Equistone Partners Europe, a private equity firm, is backing BUKO's expansion strategy, making it relevant to the private equity industry.
  • Mergers and Acquisitions – The acquisition of Keltic by BUKO is a transaction that is part of BUKO's M&A strategy, highlighting the relevance of this industry.

Financials

    Participants

    NameRoleTypeDescription
    BUKO GroupBuyerCompanyA leading European provider of temporary traffic management services looking to expand its presence in the UK.
    Keltic Traffic Management LimitedTargetCompanyA specialist in complex temporary traffic management operations in London, acquired by BUKO.
    Equistone Partners EuropePrivate Equity FirmCompanyThe private equity firm backing BUKO's growth strategy.
    Damien KellyFounder and Managing DirectorPersonCo-founder of Keltic Traffic Management.
    Karla KellyCo-FounderPersonCo-founder of Keltic Traffic Management.
    Robert EmmerichCEOPersonCEO of BUKO, commenting on the strategic nature of the acquisition.
    Hubert van WolfswinkelPartnerPersonPartner at Equistone, emphasizing the strategic partnership with Keltic.
    PwCFinancial & Tax AdvisorCompanyProvided financial and tax advisory services to BUKO.
    AshfordsLegal AdvisorCompanyProvided legal advisory services to BUKO.
    Clifford ChanceLegal AdvisorCompanyProvided legal advisory services to BUKO.
    Roland BergerCommercial AdvisorCompanyProvided commercial advisory services to BUKO.
    MarshInsurance AdvisorCompanyProvided insurance advisory services to BUKO.
    Clearwater InternationalM&A AdvisorCompanyProvided M&A advisory services to Keltic.
    Addleshaw GoddardLegal AdvisorCompanyProvided legal advisory services to Keltic.