Waterland has invested in Hélios, aiming to create a European leader in the road safety and urban asset management sectors.

Information on the Target

Hélios, founded in 2000 by Jean-Luc Petithuguenin, Eric Vandoolaeghe, and Olivier Jacquin-Ravot, has established itself as France's leading independent road signage company. With a workforce exceeding 600 employees, the company generates consolidated revenues of €100 million and operates its services through nineteen branches nationwide. Hélios specializes in both horizontal and vertical signage solutions, including road and cycle path markings, signage supply and maintenance, and urban development initiatives.

The company caters to a diverse client base that includes public authorities, primarily municipalities and departmental offices, as well as private sector clients for industrial site and car park signage. Hélios is known for its commitment to innovation, leveraging advanced digital tools—such as 360° camera analysis for road equipment—to streamline its operations and improve service delivery. Under the guidance of seasoned management, particularly Eric Vandoolaeghe, who has over 30 years of industry experience, Hélios maintains a strong organizational culture focused on its “Mission Road Safety” motto.

Industry Overview in France

The French road signage market is valued at approximately €1 billion, exhibiting an annual growth rate of around 4%. A significant 85% of this market comprises recurring maintenance activities, typically governed by multi-year contracts spanning four years. This structure provides the