DYWIDAG-Systems International establishes new Joint Venture in Jining, China
Jining (China), 17 June 2016 - DYWIDAG-Systems International (DSI), a Triton Fund III company, now holds 50 % of the shares in JM Jining, a producer of ground support products. The transaction is a joint venture with Jennmar, which holds the other 50 %. Chinese authorities approved this acquisition, and the transaction closed in mid-April 2016.
JM Jining has a proud history of supplying local mines, operates out of two production halls in Jining and currently has more than 100 employees. Whilst the company will continue to develop its local presence, it will also develop an in-house manufacturing basis for DSI’s international customer basis.
Under the guidance of DSI Underground, JM Jining will continue to expand its offering of ground support systems for the benefit of DSI’s global customer basis step by step.
DSI is a global market leader in the area of post-tensioning, geotechnical and strata control systems for applications in the civil engineering, construction and mining industries. The company’s products are mainly used to strengthen concrete, stabilize slopes, support tunnels and underground mines. In addition, DSI is the leader in the concrete accessories markets in France and a major player in Germany.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses 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 27 companies currently in Triton's portfolio have combined sales of around €12 billion and over 55,000 employees.
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