News and press releases
Here you will find press releases as well as the latest news about the Donges Group.
Here you will find all official press releases as a .pdf download.
Contact and further information
Mrs. Bernschein
Donges Group
Neue Mainzer Straße 82
60311 Frankfurt am Main
Phone: +49 (0) 6151 889-0
Fax: +49 (0) 6151 889-203
E-Mail: info@donges-group.com
19. July 2019 Acquisition of Ruukki Building Systems
Donges Group continues growth and success path – acquisition of Ruukki Building Systems
- Donges Group acquires a subsidiary from SSAB pushing annualized Group revenues to more than EUR 400 million
- Target company with annual revenues of approx. EUR 130 million
- Add-on acquisition strengthens the market position of Donges Group in Northern Europe
and opens up capacities in Eastern Europe
Darmstadt, July 19, 2019 – Donges Group has signed an agreement to acquire the complete business operations of Ruukki Building Systems Oy, the Building Systems division of the Finnish Ruukki Construction, a subsidiary of SSAB Group. Closing of the transaction is subject to the approval of relevant competition authorities and is expected within the next six to nine months.
Ruukki Building Systems, headquartered in Helsinki, Finland, is one of the leading suppliers of building system solutions in Northern and Eastern Europe. The company is a project business specializing in the design, manufacture and installation of building frame, envelope and bridge structures out of steel. Ruukki Building Systems operates four production sites in Finland, Poland and Lithuania. The company is able to deliver heavy steel structures and bridges as well as other type of steel and concrete frame structures to its customers. For 2019, the business expects sales of around EUR 130 million with a significant profitability. It employs some 500 people.
Donges Group continues its path for growth and success
For Donges Group, the acquisition of Ruukki Building Systems allows to complement its existing setup by additional engineering and production know-how in Eastern Europe and to realize synergies within the Group. Furthermore, with this transaction Donges sustainably strengthens its positioning in the attractive Nordic markets including the recent Normek acquisition in February 2019 to develop into a European group specialized in engineered steel solutions and various custom-made solutions for envelope systems. Following today’s acquisition, the Donges Group will generate more than EUR 400 million in annualized group sales and employs worldwide more than 1,400 employees.
Johannes Laumann: “For Donges Group, this is the next milestone in positioning itself as the leading independent European construction supplier for building, bridge, and envelope solutions. We are proud to be able to acquire Ruukki Building Systems – an established player in the Northern and Eastern European markets that perfectly supports the ambitious growth and profitability strategy of the Donges Group.“
Company profile of SSAB Group
SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki.
Company profile of 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. The group is one of the leading European construction and engineering companies specializing in the design and manufacture of building structures including building envelope solutions based on steel, aluminum, polymer membranes and now wood. Headquartered in Darmstadt, Germany, the group operates 13 production sites worldwide. Following the successful completion of the acquisition, the Donges Group expects total annual sales of more than EUR 400 million and employs around 1,400 people in 14 countries.
28. June 2019 Integration of Norsilk to further enhance product offering and sales network
Mutares subsidiary Donges Group continues to expand: Integration of Norsilk to further enhance product offering and sales network
- Donges Group integrates wood product supplier Norsilk
- Complementing product offering and sales network of both companies
- Further growth in French, Spanish and European countries expected
Munich/Darmstadt, June 28, 2019 – Donges Group, an investment platform of Mutares AG (ISIN: DE000A2NB650), has successfully completed the integration of investment platform Norsilk SAS. By integrating the previous standalone platform, Donges aims at further growth in the French market and cross-leveraging on existing sales channels in Europe. Norsilk will be positioned in the Donges Business Segment of high-quality façade and accessories products.
Norsilk is one of the major French players in the production and treatment of high-quality Northern wood. With 40 years of experience, the company with headquarter in Boulleville has a strong reputation for Nordic wood processing. Its product portfolio comprises a broad range of wood products for cladding, panelling and structure solutions.
By integrating Norsilk into Donges Group, its positioning especially in the French and Spanish market will provide sales and sourcing synergies to complement and diversify the roof and façade solutions offering within Donges Group.
After the integration of Norsilk, Donges Group is one of the leading European construction and engineering companies specializing in the design and manufacture of building structures including building envelope solutions based on steel, aluminium, polymer membranes and now timber. The Group with headquarter in Darmstadt (Germany) operates worldwide having nine manufacturing sites, employing more than 900 people in 12 countries and generating annual revenues of EUR 280 million.
25. März 2019 Subsidiary Donges Group successfully completes acquisition of FDT Group
Subsidiary Donges Group successfully completes acquisition of FDT Group
- Third acquisition for the platform investment Donges Group
- FDT’s product portfolio includes flat roof solutions
- Bolt-on acquisition complements existing product portfolio of Donges complementary
Munich/Darmstadt, March 25, 2019 – The Donges Group, a platform investment of Mutares AG (ISIN: DE000A2NB650) specializing in steel construction and high-quality roof and facade solutions, has successfully completed the acquisition of the FDT Group. With this acquisition, the Donges Group was able to further expand its position in the German and European markets. With the well-known products “Rhepanol” and “Rhenofol”, FDT is an established supplier of flat roof roof systems and ideally complements the product portfolio of the Donges Group. After completion of the add-on acquisition, the Donges Group plans to achieve total annual sales of around EUR 230 million.
Following the acquisition, the Donges Group is now concentrating on developing a comprehensive change program along five strategic pillars for the successful realignment of FDT. The sales strategy is to be redefined, the product portfolio aligned with customer and competitive requirements, foreign business optimised and structural costs made more efficient and sustainable. The fifth pillar comprises the realization of the planned synergies within the Donges Group.
With the already completed acquisitions of Kalzip and Normek, the Donges Group is now positioning itself as a European, integrated provider in German and European industrial and commercial construction. By expanding its product portfolio and the corresponding product knowledge, the Group will gain a clear unique selling proposition and will be able to offer potential customers a much more attractive depth of value added and technical expertise than its competitors. The integrated product range now includes three complementary roof and façade solutions and the possibility of combining them with steel building construction solutions.
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.
28. Februar 2019 Subsidiary Donges Group with second add-on aquisiton
Subsidiary Donges Group with second add-on aquisiton
- Mutares successfully starts into 2019 with its first acquisition in Northern Europe
- Subsidiary Donges Group acquires Finnish Normek Oy as a strategic add-on to its steel construction and façade solutions business
- Donges Group increases annual turnover to around EUR 180 million
- Synergies and further increasing profitability expected at Donges Group
Munich/Darmstadt (Germany), February 28, 2019 – Donges Group, a platform investment of listed investment group Mutares AG (ISIN: DE000A2NB650) specializing in the design, engineering and construction of steel bridges and constructions as well as high-quality roof and façade solutions, is expanding into Northern Europe. The Mutares subsidiary today signed a purchase agreement with Normek Group Oy, owned by Intera Fund I Ky and private shareholders, about the acquisition of Normek Oy based in Vantaa, Finland, and its subsidiaries in Finland and Sweden. The acquisition was also closed today and marks the second add-on acquisition for German Donges Group.
For Mutares AG, today’s transaction represents an important milestone in its expansion into the Northern European market and serves as a basis for further acquisitions in the region. The acquisition follows the already established Mutares platform strategy, marking a pleasant start in the new fiscal year 2019 for the Munich-based investment company.
Normek is one of the leading steel building construction and façade solutions companies in Finland and operates mainly in the Finnish and the Swedish market. The business activities of Normek ideally complement the existing business of the Donges Group. Normek operates four production sites in Finland and a project management and sales office in Sweden. It specializes in the design, engineering and construction of steel frame structures and steel bridges as well as on the manufacture of customer-specific glass façade solutions. Normek generated sales of around EUR 65 million in 2018 and employs around 250 people.
Robin Laik, CEO of Mutares AG, expects this transaction to further increase sales and profitability for the entire Donges Group: “With Normek, we are pleased to have found an established Northern European specialist for steel construction and façade solutions which contributes to the further growth of the Donges. This add-on acquisition will expand and complement the product portfolio and distribution channels of both Donges Group and Normek. The transaction follows our buy-and-build strategy which we successfully implemented also at STS Group AG and Balcke-Dürr Group, with the aim of achieving sustainable growth and added value for our portfolio companies.”
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. After the acquisition of German Kalzip Group in October 2018, today’s transaction represents the second add-on acquisition for Donges Group. The acquisition of Normek is part of the sustained repositioning of Donges as a specialist provider of steel bridges, steel building construction, roof and wall solutions in the European markets. Including its two strategic add-on acquisitions, the entire Donges Group generates annual sales of around EUR 180 million and employs around 600 people.
08. Oktober 2018 Subsidiary Donges SteelTec completes transaction to acquire Kalzip Group
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.
02. November 2017 Mutares acquires Donges Steeltec
Mutares acquires Donges Steeltec
Mutares (ISIN: DE000A0SMSH2) has acquired Donges Steeltec, one of Germany’s leading steel construction companies, from Mitsubishi Hitachi Power Systems Europe. Donges generates a turnover of EUR 36m with 200 employees. The business provides significant synergies with Balcke-Dürr, Mutares’ manufacturer of power plant components.
Mutares has acquired Donges Steeltec from Mitsubishi Hitachi Power Systems Europe. Donges is one of Germany’s leading steel construction companies located in Darmstadt. It generates a turnover of EUR 36m with 200 highly qualified employees. Its product range is focussed on bridges, power plants, sports arenas, hangars as well as industrial and transport constructions. Particularly the dynamic business with bridges should boost Donges’ development in the coming years.
The divestment of Donges was driven by a refocusing of Mitsubishi Hitachi Power Systems Europe on its core business. Donges fits perfectly into Mutares’ Engineering & Technology segment and provides significant synergy potential with Balcke-Dürr in procurement, sales, and IT. The operational experience of Mutares and Balcke-Dürr was highly appreciated by the seller which is another confirmationof Mutares’ unique positioning.
Company profile of Mitsubishi Hitachi Power Systems Europe
Mitsubishi Hitachi Power Systems Europe (MHPS Europe) designs and constructs thermal power plants. The plant constructor also supplies key components such as utility steam generators, environmental engineering equipment, turbines and pulverizers. The company has 1,450 employees. As a market and technology leader – in utility steam generators, for instance – MHPS Europe relies on modern, ecologically sound and economic plants. In this way, the company plays a prime role in securing the supply of electricity on its markets. MHPS Europe offers an extensive and flexible service to its customers: from revamping through to repairs and from maintenance through to power plant servicing.
