Mayer Brown advises Argos Wityu on its acquisition of a stake in Hexvia
Paris – Mayer Brown advised Argos Wityu, and its Argos Climate Action fund, on the financing of its acquisition of a majority stake in Hexvia, the #1 integrated leader in the French moving services market. Argos Wityu acquires Hexvia alongside Bpifrance, from Siparex, BPM Group and other minority financial investors.
Hexvia – through its main brand Demeco, celebrating its 60th anniversary this year – has become a French market leader in moving services, addressing the residential, business and industrial segments through a network of around 120 agencies and 1,100. employees.
With its new shareholders’ support, Hexvia will enhance its current offer and introduce value-added services aimed at making residential and business moves easier. These innovations will be implemented through both internal development and acquisitions, in its current locations and new geographies.
Environmental awareness in the moving services market is increasing among both companies and individuals. Supported by Argos and Bpifrance, Hexvia aims to be at the forefront of sustainable residential and business mobility services, with a clear strategic roadmap built around three key pillars: (1) Continue growing on the French moving services market ; (2) Pursue its acquisition strategy ; (3) Accelerate the environmental transition to build a lasting competitive advantage.
