Carter has been acquired by Nonet Group
December 2025 — Carter S.r.l., the Luxembourg-based holding company owning the Belgarena–Roton Group, has been acquired by Nonet Group. The transaction enables Nonet to further consolidate its position as a leading player in Wallonia, while continuing to develop recycling activities recognized as a strategic priority.
Belgarena–Roton Group, owned by Carter, is a leading provider of environmental solutions ranging from soil depollution and the recycling and valorization of inert materials to mineral drying. Headquartered in Farciennes, near Charleroi, Belgium, the group operates a soil remediation and recycling platform in Wallonia, specializing in the treatment of polluted soils and sludges from excavation sites, demolition waste from construction and public works, foundry sands and waste from water purification plants up to type V. In addition, the group operates one of the few proprietary storage platforms in the region, with a capacity exceeding 300,000m³ for recycled and decontaminated soil up to type IV.
Founded in 1958, Nonet Group is a dynamic family-owned company specializing in outdoor development, underground networks, demolition, recycling and the valorization of construction materials. The group operates throughout Wallonia and employs approximately 400 people, delivering comprehensive solutions to both public and private clients.
Our role in the transaction
Oaklins’ team in Belgium acted as the exclusive sell-side M&A advisor to the shareholders of Carter in this transaction.
Talk to the deal team
Philippe Desomberg
Oaklins KBC Securities
Related deals
KTL has received investment from Exponent
Exponent Private Equity has invested in KTL, underscoring its focus on backing high-quality Irish businesses. This investment also marks an exciting new chapter for KTL, accelerating the company’s growth and strengthening its footprint across its core telecommunications and power sectors in Ireland and the UK.
Learn moreThe minority shareholders of JJ Tomé have sold their stake to Eiffage
The minority shareholders of JOÃO JACINTO TOMÉ, S.A. (JJ Tomé) have sold their remaining stake to Eiffage Énergie Systèmes, which was already the majority shareholder, giving the French group full ownership of the Portuguese business.
Learn moreKran og Industri Service has entered Denmark through the acquisition of Hytek
Kran og Industri Service (KIS), a leading provider of crane, lifting equipment and industrial service solutions, has acquired Hytek AS, a Danish specialist in hydraulic and mechanical services.
Learn more