DYWIDAG Systems International Sells TAM Groupe to New Investor
DYWIDAG Systems International Sells TAM Groupe
DYWIDAG Systems International (DYWIDAG) has officially signed an agreement to transfer 100% of its shares in TAM Groupe, a French leader in manufacturing chemical products and construction systems, to Private Assets SE & Co. KGaA. This move is set to enhance the future trajectory of both companies as they navigate their respective markets.
Details of the Transaction
While this sale is subject to closing conditions, it is anticipated to finalize by early December in the upcoming year. This strategic decision allows DYWIDAG to focus on its core competencies while empowering TAM Groupe to continue its growth under new ownership.
Leadership Comments on the Sale
Hugh Pelham, the CEO of DYWIDAG, expressed gratitude towards the TAM Groupe organization for their contributions to the company's success. He noted the alignment between TAM Groupe’s management team and the vision of Private Assets, indicating confidence that this partnership will foster TAM's future achievements.
Joanne Cooke, President of TAM Groupe, alongside her management team, is excited about the possibilities this new chapter will bring to the company.
Plans for the Future
Dr. Björn Schlosser, the President and Managing Director of Private Assets Francs S.A.S, echoed similar sentiments and spoke about the company's commitment to working closely with TAM's management and employees to solidify its market position further.
About TAM Groupe
Established in 1960, TAM Groupe has evolved significantly, especially after integrating three leading brands in construction materials in the early 2000s. Their focus on manufacturing and selling chemical products tailored for construction, alongside lifting and fixing solutions, positions them favorably within the industry.
About Private Assets
Private Assets SE & Co. KGaA is known for specializing in majority investments in companies facing unique circumstances. Based in Hamburg, it prefers to invest in corporate spin-offs and firms with succession challenges. The company has demonstrated a strong interest in enhancing the dynamics of its acquisitions through strategic development.
About DYWIDAG
With its roots dating back to 1865, DYWIDAG has become a global leader in geotechnical products, post-tensioning systems, and solutions for infrastructure and energy sectors. As a private equity-backed entity, it continues to expand its market influence globally.
Contact Information
For inquiries related to DYWIDAG, contact Peter Assinder, VP of Global Sales & Marketing at Peter.Assinder@dywidag.com.
For Private Assets queries, reach out to Karsten Heyer, Director of Digital Marketing & Communication at k.heyer@private-assets.de.
Frequently Asked Questions
What is the main focus of TAM Groupe?
TAM Groupe specializes in manufacturing and distributing chemical products and construction systems.
Who is acquiring TAM Groupe?
TAM Groupe is being sold to Private Assets SE & Co. KGaA, an investment company based in Hamburg.
When is the sale expected to close?
The sale is expected to close by early December of the upcoming year.
Who is the CEO of DYWIDAG?
Hugh Pelham is the CEO of DYWIDAG.
What year was DYWIDAG founded?
DYWIDAG was founded in 1865, establishing a long history in the construction sector.
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