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.