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DSI Press Releases

August 2017

Appointment of new CEO for DSI Construction

Luxembourg, August 7th 2017 - The Board of the DSI Group is pleased to announce the appointment of Matti Kuivalainen as CEO of DSI Construction effective September 1st 2017.

"We are very happy that Matti Kuivalainen is joining as our new CEO of DSI Construction. Following the implementation of a divisional structure last year, we have spent significant time reviewing the strategy of DSI Group's two divisions and are excited by the potential to develop them further under dedicated leadership. Matti´s track record and experience make him the ideal candidate to lead DSI Construction", said Matthew Turner, Chairman of the DSI Group Board.

Matti Kuivalainen is a seasoned CEO with extensive national and international experience. He has been involved in creating significant value, particularly in his leadership roles at United Technologies (UTC); most recently he was President North, East, and Central Europe & Africa of Otis, the world’s leading installer and maintainer of elevators. Prior to that, Matti was President Germany, Nordic, Central and Eastern Europe of UTC’s Building & Industrial Systems Division. Prior to UTC, he was part of the European leadership team of Honeywell Building Solutions. He holds a Bachelor of Engineering from the Technical Institute of Wartsila, Finland, and an eMBA from the Katz Graduate School of Business at the University of Pittsburgh, USA.

September 2016

DYWIDAG-Systems International announces organizational and leadership changes

  • Successful repositioning of DSI Group into two Divisions
  • Former Group CEO Patrik Nolåker focuses on non-executive role on DSI Board
  • Group CFO Nick Moses takes over as acting CEO of DSI Construction
  • Chairman of Board thanks Mr. Patrik Nolåker for his contributions

Luxembourg, September 7th 2016 - The Board of DYWIDAG Systems International Sarl (DSI) has announced changes within the organizational structure and leadership team at DSI today. Patrik Nolåker, who was Group CEO until the initiation of the reorganization of DSI into two separate divisions in March and is currently CEO of DSI Construction, will leave his role by mutual consent with effect as of September 30th. He will remain a member of the DSI Board. Until the appointment of a successor, Nick Moses, Group CFO, will act as CEO of DSI Construction, in addition to his current responsibilities.
 
“These leadership changes are a direct result of the Group’s reorganization into two separate divisions, DSI Construction and DSI Underground, run by independent operational management teams. This organizational change reflects the successful development of our businesses through profitable growth and accretive acquisitions and will further enhance their operational and strategic focus going forward. On behalf of the Board and Shareholders of DSI, I would like to thank Patrik for leading DSI since shortly after Triton acquired the business in 2011 and for driving the current reorganization to a successful conclusion. We look forward to continuing to work with Patrik in his ongoing responsibility as a DSI Board member” said Matthew Turner, Chairman of the DSI Board.




July 2016

DSI’s proposed acquisition of Jennmar Australia

In February 2016, DSI announced that it had signed agreements to acquire Jennmar’s businesses outside the US, and to sell its US Mining business to Jennmar. The acquisitions in Latin America, Europe and China (50%), and the sale of the US Mining business, were completed in the first quarter of this year.

As noted in the February announcement, the completion of the acquisition of Jennmar Australia was conditional on approval from the Australian anti-trust authority, the ACCC. We have now decided to withdraw our application to the ACCC and have agreed with Jennmar to terminate the proposed transaction.

Michael Reich, DSI Underground CEO, commented: “In the process of this review, we have registered the concerns from the marketplace about certain aspects of the proposed transaction. While we believe these could potentially be addressed, we are also conscious of our responsibility to avoid a prolonged period of uncertainty. We therefore believe it is in the interests of all parties not to proceed with the proposed transaction.

DSI Australia of course is and remains a strong and successful business in the Australian ground support market. We are pleased with the progress made with the other acquisitions we have recently made and we will build on these foundations into the future. And we will continue to provide innovative ground support solutions and exemplary service to all our customers in Australia and around the world.”




for more information please contact:             
DYWIDAG-Systems International
  Gerhard Kahr
  Phone: + 49 89 309050 241

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