Dywidag Systems International has signed agreements to acquire Jennmar businesses outside the US and sell its US Mining business to Jennmar
Dywidag Systems International has signed agreements to acquire Jennmar businesses outside the US and sell its US Mining business to Jennmar
Luxembourg, 1 February 2016 – Dywidag Systems (“DSI”), a Triton Fund III portfolio company, has signed an agreement to acquire 100% of Jennmar businesses in Australia, Europe in Latin America. DSI will also acquire a 50% of Jennmar China, and operate the company as a Joint Venture with Jennmar. In a separate agreement, Jennmar has agreed to acquire 100% of DSI’s Mining business in the United States. DSI’s Tunneling business in the US will remain 100% owned by DSI. The Australian transaction is conditional on approval from the antitrust authority in Australia and both parties have agreed not to disclose the acquisition price.
About DSI
DSI is a global market leader in the area of post-tensioning, geotechnical and strata control systems for applications in the civil engineering, construction and mining industries. The company’s products are mainly used to strengthen concrete, stabilize slopes, support tunnels and underground mines. In addition, DSI is the leader in the concrete accessories markets in France and a major player in Germany. DSI is owned by Triton.
About JENNMAR
JENNMAR is a globally-operated, family-owned company that is leading the way in ground control technology for the mining, tunneling and civil construction industries.
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 28 companies currently in Triton's portfolio have combined sales of over €13.3 billion and over 59,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
