DYWIDAG-Systems International has announced its acquisition of Polish-based permanent formwork and hydro-insulation specialist, PARTEC System
Luxembourg / Gajków (Poland), 9 July 2019 – Dywidag-Systems International (“DYWIDAG”), a Triton Fund III portfolio company, has announced the acquisition of PARTEC System (“PARTEC”). PARTEC was founded 20 years ago by Krzysztof Kotarba as a specialist manufacturer and distributor of permanent formwork and hydro-insulation systems to the construction sector. Located in Gajków, close to Wroclaw, the company operates throughout Europe with a primary focus on its home territory and Scandinavia.
This acquisition is a key step in DYWIDAG’s expansion to meet the needs of the European market. By combining the speed and reliability of PARTEC with DYWIDAG’s distribution channels, it is anticipated that there will be significant growth and product development within the group.
Krzystof Kotarba said: “It is clear that the values and vision of DYWIDAG reflect those of myself and the PARTEC organisation. These shared principles and the ambition of DYWIDAG provides PARTEC with an exciting opportunity to further grow and become an integral part of the future success of the business.”
Ian Jarvis, President of Concrete Accessories DYWIDAG, said: “We are delighted to welcome the PARTEC team into DYWIDAG. It’s an important milestone for our Concrete Accessories division as we look to increase our manufacturing footprint and gain a strong presence in the Polish market. This provides us with a greater opportunity to explore emerging markets in Eastern Europe.”
Matti Kuivalainen, CEO DYWIDAG, said: “Strategically, we see many opportunities in Europe. I am delighted to have PARTEC become part of the DYWIDAG family. The acquisition of PARTEC strengthens the division and builds our position in the specialist construction materials sector.”
DYWIDAG supplies products and systems for the construction industry, IT engineers’ systems for Post-Tensioning, Geotechnical Applications, Global Services, and Concrete Accessories.
For further information: www.dywidag-systems.com
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe. 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 38 companies currently in Triton's portfolio have combined sales of around €14.9 billion and around 73,000 employees.
For further information: www.triton-partners.com