Subsidiary Donges SteelTec completes transaction to acquire Kalzip Group
- Sales increase of Donges SteelTec to over EUR 100 million annually
- Extension of the product range with roof and facade solutions
- Positioning of the Donges Group as a full-service provider
Munich/Darmstadt, October 8, 2018 – Donges SteelTec, a subsidiary of Mutares Group (DE000A2NB650), successfully completed the acquisition of the Kalzip Group from Tata Steel Europe last week. Annual sales of the Donges Group increases to approx. EUR 110 million as a result of the transaction, and the number of employees to more than 400. The Group has locations in Germany, France, Spain, Italy, England, Singapore, India and Dubai.
The combined product portfolio of Donges and Kalzip comprises steel bridges for road, rail and footway construction, engineering and industrial steel construction for buildings, as well as aluminium roof and facade solutions for new projects or refurbishments.
Recent reference projects include the Danube Bridge in Linz, the launch table for the Ariane 6 rocket for ESA, the roof refurbishment of Wembley Stadium in London and the partial construction of the logistics and ferry terminal in Lübeck.
“With Kalzip, we are proud to have acquired an incubator in product diversity and market that strengthens the Donges Group in the long term and creates the basis for international growth,” says Johannes Laumann, Managing Director of Donges SteelTec GmbH. The technically high-quality products and solutions of the Kalzip Group fit perfectly into Donges SteelTec’s product portfolio and will enable the Donges Group to act as a total supplier in the future.
About Donges Group
The Donges Group has been part of the Mutares Group since November 2017 and represents a strategic platform investment in its Engineering & Technology portfolio segment. Following the rapid and successful completion of the turnaround program, Donges is now concentrating on further increasing profitability and optimizing its key business areas. The acquisition of FDT, following Kalzip and Normek, is already the third add-on acquisition of the Donges Group. The transaction is part of the sustainable repositioning of the portfolio company as a specialist provider of steel bridge construction, steel building construction and roof and facade solutions in the European market. Following the successful completion of the acquisition, the Donges Group expects total annual sales of around EUR 230 million and employs around 800 people in 12 countries.