Triton to sell DSVM to a group of Danish financial institutions
Copenhagen (Denmark), 29 January 2015 - Funds advised by Triton ("Triton") today announced the sale of DSVM, a leading provider of transportation, logistics and environmental solutions as well as raw materials for the building & construction industry in Denmark and Sweden, to the Danish financial institutions FIH, PKA and LD. The parties have agreed not to disclose the purchase price.
Since Triton's acquisition in 2004, the management and board of DSVM have executed a number of initiatives to improve the company which operates today through seven subsidiaries within the two market segments; Transport & Logistics and Resource Management in Denmark and Sweden with a turnover of approx. 4.5 billion SEK and has approx. 900 people employed.
“We would like to thank the management team, the employees and all other stakeholders for their contributions to DSVM’s development. Triton funds have been the owner of DSVM for more than ten years and we view this as a right point in time for an ownership change. We look forward to continuing our investment activity in Denmark, acting as a responsible owner and an agent of positive change in the businesses we partner with," says Peder Prahl, Managing Partner of Triton.
DSVM Group is a leading provider of transportation, logistics and environmental solutions as well as raw materials for the building & construction industry in Denmark and Sweden. DSVM Group operates through its seven subsidiaries and has a Nordic development strategy, based on creating or acquiring competitive businesses. The subsidiaries act within the two market segments; Transport & Logistics and Resource Management. The operational companies are GDL in Sweden, DSV Transport and MiljøTeam in Denmark. RGS 90 in Sweden and Denmark, Nymølle and Vandrens in Denmark.
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 30 companies currently in Triton's portfolio have combined sales of over €15 billion and more than 67,500 employees. The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
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