FSN Capital Confluence: Saferoad Group accelerates international growth with strategic acquisitions across Europe

Oslo, September 10, 2025

Saferoad, a leading player in road safety and infrastructure solutions, continues its expansion, announcing four strategic add-ons so far in 2025: Total Trafikkhjelp, PMF Stalen Masten, Signalinea and GATAS. These acquisitions contribute to growing the company’s footprint across Europe, as well as extending its service offerings.

Headquartered in Oslo, Norway, Saferoad was acquired by FSN Capital Confluence* from FSN Capital V** in August 2024, to build on the company’s successful platform and support its next phase of organic and inorganic growth.

In 2025 to date, Saferoad has closed four strategic acquisitions, which strengthen the company’s ability to deliver industry-leading services and products to support infrastructure and road safety across Europe.

Total Trafikkhjelp is northern Norway’s largest player in work safety and aims to become a leader in traffic safety and work safety. This acquisition marks a significant step in strengthening Saferoad’s presence in the northern Norwegian road traffic market, while growing its exposure to a comprehensive range of road safety services.

PMF Stalen Masten is a prominent Dutch company in the steel pole industry. Specializing in customization, the company has a solid market positioning and complements Saferoad’s existing resources in serving infrastructure improvement across Europe.

Signalinea is a leading service provider for installation of restraint systems, road marking and road works based in Croatia, serving the Adriatic region. Signalinea will enable Saferoad to grow in Southern European markets, alongside supporting expansion in installation services within road safety.

GATAS is a Lithuanian company delivering services in road marking and road safety equipment installation and maintenance. This acquisition will further expand Saferoad’s international presence, with Saferoad and GATAS forming a joint service business strengthening road safety in Scandinavia, Lithuania, Poland, and beyond.

Taek Lim, SVP Strategy and M&A at Saferoad Group, commented: “We have executed the recent acquisitions along our integrated processes from strategic search fields to transactions. With these structures, we will continue to further develop our business portfolio and create value through synergies with attractive companies.”

Bernd Frühwald, CEO at Saferoad Group, added: “With these four acquisitions we are accelerating our strategic plans for providing better quality of life through Infrastructure products and services across Europe. I’m delighted to welcome the teams from Total Trafikkhjelp, PMF Stalen Masten, Signalinea and GATAS to Saferoad. Together, we will keep investing in people and technology to serve our customers even better.”

Ulrik Smith, Co-Managing Partner at FSN Capital Partners (investment advisor to the FSN Capital Funds), commented: “The Saferoad team has built the Group into a scaled, pan-European provider of infrastructure solutions. Having established Saferoad as a well performing organic platform, the company is now ready to also grow through select acquisitions in order to strengthen its service offering across its most attractive market segments. We are impressed by what management has achieved so far, and look forward to supporting the company’s continued growth in this attractive industry”.

Strategic M&A is a core element of value creation for the FSN Capital Funds. Since 2024, the FSN Capital Funds have successfully completed 84 accretive add-on acquisitions.

*FSN Capital Confluence GP Limited acting in its capacity as general partner for and on behalf of each of FSN Capital Confluence L.P. and FSN Capital Confluence Invest L.P. ​
**FSN Capital GP V Limited acting in its capacity as general partner for and on behalf of each of FSN Capital V L.P., FSN Capital V (B) L.P. and FSN Capital V Invest L.P.​

About Saferoad
The Saferoad Group is a leading supplier, advancing road safety and steel infrastructure solutions across Europe and beyond. With a rich history spanning 100+ years in the industry, we take pride in being at the forefront of innovation, quality, and expertise in the realm of infrastructure solutions and services. We are steadfast in our commitment to enhancing safety on the roads and contributing positively to the future of road safety and infrastructure. The Group comprises 3000 employees across 14 countries. Learn more about the Group here.

About FSN
Established in 1999, FSN Capital Partners is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds. FSN Capital Partners has a team of more than 100 across Oslo, Stockholm, Copenhagen, and Munich. FSN Capital Funds have more than €4 billion under management and make control investments in growth-oriented Northern European companies, to support further growth and to transform companies into more sustainable, competitive, international, and profitable entities.

Our ethos, “We are decent people making a decent return in a decent way” defines our core values. We are committed to being responsible investors and having a positive environmental and social impact across our portfolio while achieving market-leading returns.

Learn more about FSN Capital and our team on our website: www.fsncapital.com

For more information, please contact the following persons:

Sara Sørlie, Saferoad Group
sara.sorlie@saferoad.com

Angela Wu, FSN Capital Partners
angela.wu@fsncapital.com