DYWIDAG-Systems International sold by Industri Kapital to CVC Capital Partners
Industri Kapital has signed an agreement with CVC Capital Partners regarding the sale of DYWIDAG-Systems International (DSI). DSI is the global market leader in the development, manufacture and supply of post-tensioning and geotechnical systems to the construction and mining industries. The purchase price was not disclosed. The transaction is subject to customary anti-trust approvals.
DSI, headquartered in Aschheim near Munich, has approximately 1,900 employees at more than 70 locations globally. Industri Kapital acquired DSI in 2005 from the insolvent Walter Bau AG. The company achieved strong organic growth and drove global expansion through 14 successful add-on acquisitions in related product areas.
Eric van Lammeren, CEO of DSI, comments: “IK was the right partner for us at the right time. Thanks to IK’s expertise, DSI has developed into a strong global player and has significantly outperformed market growth in all core activities. We are confident of successfully continuing our growth strategy together with CVC Capital Partners.”
Prior to the acquisition by Industri Kapital, DSI generated approximately 300 million euros in sales (2004). For 2007, DSI anticipates sales of around 700 million euros. Since 2005, DSI’s sales thus grew by approximately 35 per cent per annum.
“The acceleration of DSI’s growth was primarily driven by the successful implementation of a buy-and-build strategy together with the management of the company,” explains Detlef Dinsel, a partner with IK.
Daniel Schmitz, Senior Managing Director of CVC Capital Partners in Frankfurt, is delighted with the acquisition: “DSI is an outstanding company. We look forward to further strengthening the company and supporting the management in the future development of the company.”
DSI contributed significantly to the consolidation of the industry through its global expansion. Since 2005 DSI has acquired leading suppliers to the construction and mining industries, including Artéon and Galaxy in France, Contec Bausysteme in Germany, Soprofint in Chile, Fasloc and American Commercial Inc. in the U.S., as well as ALWAG Tunnelausbau in Aus-tria.
For further particulars, please contact:
Detlef Dinsel, Partner, Tel: +49 40 369 8850
Charlotte Laveson, Communication Manager, Tel: +46 8 678 95 51
Eric van Lammeren, CEO, DSI, Tel: +49 89 30 90 50 285
CVC Capital Partners:
Markus Talanow, Hering Schuppener Consulting,
Tel: +49 69 92 18 74 70
For further information on Industri Kapital: www.industrikapital.com