DSI sells DSI Norway AS to KB Spennteknikk International AS, Norway
Effective from January 2nd, 2012, DSI sells DSI Norway AS to KB Spennteknikk International AS, Norway.
Headquartered in Skytta, DSI Norway AS has been a part of the DSI Group since its foundation in 1980. Focused on the Scandinavian market, DSI Norway AS has been valued as a partner both by clients and business partners thanks to its know-how and the long-standing experience of its employees.
DSI’s declared objective is to establish itself amongst the leading suppliers in every market it is represented in. Due to a highly fragmented market environment and today’s competitive situation, DSI is expecting DSI Norway AS to not be able to realize future growth perspectives with the desired dynamics.
As a consequence, DSI decided to initiate the sales process for DSI Norway AS, which has been successful on the Scandinavian market for decades. After a preselection of potential candidates KB Spennteknikk International AS proved itself as the best partner for DSI due to complementary technologies and structures. On December 23rd 2011, the contract with KB Spennteknikk International AS as the buyer of DSI Norway AS was signed.
DSI and the new owner have agreed on changing DSI Norway AS’ legal name to Dywidag Norge AS. All of DSI Norway’s employees are going to be taken over into the new company “Dywidag Norge AS” following the change of name. Nothing will change either for clients or suppliers because the experienced team will continue to competently support all clients and business partners.
Furthermore, the co-operation between DSI and KB Spennteknikk International AS will be considerably strengthened by the conclusion of a license agreement. This license agreement also ensures the supply of the new “Dywidag Norge AS” with high quality DYWIDAG geotechnical and post-tensioning products and systems for the Norwegian and Swedish markets.
KB Spennteknikk International AS is a company that is characterized by strong traditions and innovation. It is very suitable as a holding company for DSI Norway AS due to a comparable business culture. We are firmly convinced to have been able to secure the future of DSI Norway AS and its long-standing employees by the successful sale of the company to KB Spennteknikk International AS. We would like to wish DSI Norway AS and all of its employees a successful future and are looking forward to intensifying our business relationship with KB Spennteknikk International AS.
About KB Spennteknikk International AS
As an industrial company, KB Spennteknikk International AS and cooperating daughter companies offers innovative and sophisticated products for all areas of the construction trade. In addition to the manufacturing, supply and installation of its products, it offers comprehensive services to civil engineers, architects, construction companies and building material suppliers.
Further information is available at: www.spennteknikk.no
DYWIDAG-Systems International (DSI) appoints Patrik Nolåker as Group CEO
Munich, December, 21st, 2011. DSI today announced the appointment of Patrik Nolåker as the new CEO of the DSI Group. Mr Nolåker will join DSI on March 1st 2012.
For the past two years, Mr Nolåker has been President and CEO of the Alimak Hek Group, a Triton portfolio company headquartered in Sweden. Alimak Hek provides vertical access solutions (elevators, hoists, platforms etc.) for different industrial and construction applications. More recently Patrik has also served on the board of DSI as a Non-Executive Director.
Commenting on his decision to join DSI, Mr Nolåker said: "The decision to leave such a strong company as Alimak Hek has been a difficult one, but I am extremely excited to be joining such a well-known and strong company as DSI, which I know from my previous working experience. Despite turbulent times in the world, together with the DSI organization, I see great potential to further develop the company".
Prior to joining Alimak Hek, he spent nine years, at Atlas Copco, first as President of the Geotechnical Drilling and Exploration Equipment Division and, from 2006, as President of the Underground Rock Excavation Division, a business with annual sales of Eur 900m and 3,400 employees around the world.
Before Atlas Copco, he enjoyed a very successful 13 years at ABB, starting as an Executive Management Trainee and rising through the organisation to become Regional General Manager for Medium Voltage in South East Asia. In between, Patrik progressed through a series of management roles in finance, purchasing and operations in Sweden, Brazil and Malaysia.
Björn Killmer, Chairman of DSI commented: "we are delighted that Patrik has agreed to become CEO of DSI. We at Triton know Patrik very well. He brings a wealth of relevant industry and leadership experience to the company.
DYWIDAG-Systems International sold by Bank of America Merrill Lynch and Barclays Capital to Triton
Munich, June, 15th, 2011. The acquisition of DYWIDAG-Systems International (DSI) by Triton has been closed on June, 15th, 2011. Triton, a highly respected European private equity house, is now the owner of DSI.
Alan Bate, Chairman and CEO, commented:
“The new owner is both interested and dedicated to the success of DSI. It is also clear from customers, suppliers and partners that our new found ownership and financial stability is welcomed. We also see this manifest in new approaches to work with DSI on projects and programs.”
DSI is a leading systems supplier in the fields of civil engineering and underground construction and has approximately 2,100 employees at over 70 locations globally. Bank of America Merrill Lynch and Barclays Capital took over DSI in 2010 from CVC Capital Partners. DSI management has been closely involved in the process and is fully supportive of the outcome.
Information on Triton:
Triton is a leading private equity investment firm in the German-speaking and Nordic regions with offices in Frankfurt, Stockholm, London, Jersey and Luxembourg. Its investment philosophy is focused around Building Better Businesses. As investors, Triton believes in the merits of investing in businesses and industries that it has long experience in and understands.