Datwyler sold its civil engineering business to representatives of the existing management on 28 April 2020. The management buy-out is supported by the Hamburg-based private equity firm BPE, which specializes in transactions in the German mid-sized sector since over 20 years. The closing of the agreement is scheduled for 4 May 2020.
The company being sold is Datwyler Sealing Technologies Deutschland GmbH, including its associated operational real estate. The company combines the civil engineering business with elastomer profiles for applications in tunnels, underground construction and track superstructures at the German location Waltershausen. Some 180 employees generate annual sales of around CHF 40 million. The parties have agreed not to disclose details of the transactions.
Following the previously announced sale of the distribution companies Distrelec and Nedis, Datwyler will in future focus on the growing and high-margin business of sealing components for attractive global markets such as healthcare, mobility, oil & gas, food & beverage and general industry.
Datwyler is focusing on high-quality, system-critical elastomer components and has leading positions in attractive global markets such as healthcare, mobility, oil & gas and food & beverage. With its recognized core competencies and technological leadership, the company delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. With a global presence with more than 20 operating companies, sales in over 100 countries and more than 7,000 employees Datwyler, headquartered in Switzerland, generates annual sales of more than CHF 1,000 million.
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