DSI Underground agreed to acquire 100% of share capital of Heintzmann Australia Pty Ltd
Wyong (Australia), 14 December 2017 – DYWIDAG-Systems International Underground (DSI Underground), a Triton Fund III company, has signed an agreement to acquire 100% of share capital of Heintzmann Australia Pty Ltd, a provider of mining related services. Completion is subject to regulatory approval.
Heintzmann Australia has built a trusted relationship with local customers by offering quality products and services, which will complement DSI’s product portfolio. The acquisition will allow DSI to further build on global experience and local knowledge to further develop new and innovative technical solutions for DSI’s customers.
The Heintzmann deal enables DSI Australia to enter the standing support market through the vast product range including pumpable cribs, steel props, and roadway repair.
Derek Hird, Regional CEO, comments: “DSI is very excited to incorporate this business to DSI Australia; this acquisition will further strengthen our service and product range, allowing us to continue to be at the forefront in ground support products and servicing.”
About DSI Underground
With operations in Australia, North America, South America, Europe and South Africa, DSI is present in major mining markets and serves customers on each continent. Its customer base consists of national and international mining companies and contractors, in both coal and hard rock mining.
DSI's underground product range includes a wide variety of rock reinforcement and strata support systems such as bar and cable rock bolts, friction bolts, resin anchors and an extensive line of accessories.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 34 companies currently in Triton's portfolio have combined sales of around €15 billion and around 92,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
For further information: www.triton-partners.com