Datwyler sells civil engineering business to management team.
Ad hoc announcement pursuant to Art. 53 LR SIX Swiss Exchange | April 29, 2020
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, the Datwyler Group will in future focus on the growing and high-margin field of sealing components for attractive global markets such as healthcare, mobility, oil & gas, food & beverage and general industry.
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Guido Unternährer
VP Financial Communication & Investor Relations
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