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 de-velopment, manufacture and supply of post-tensioning and geotechnical systems to the construction and mining industries. The purchase price was not disclosed. The transac-tion 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: “Industri Kapital was the right partner for us at the right time. Thanks to Industri Kapital’s expertise, DSI has developed into a strong global player and has significantly outperformed market growth in all core activities. We are confi-dent 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 Din-sel, a partner with Industri Kapital.

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 strengthen-ing 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, in-cluding 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 Austria.