11 March 2008 - DISA, an important manufacturer of moulding and metal surface preparation equipment, majority owned by Procuritas Capital Investors III since 2005, is divested to Mid Europe Partners. The DISA group has over the last three years more than doubled its earnings. Its annual turnover in 2007 was DKK1.3bn.
DISA is an important player in the global moulding and metal surface preparation markets. DISA has production units in Denmark, the Czech Republic, India and China, and the group has around 1,400 employees.
"DISA has in recent years shown a strong development with increased turnover and improved profitability. The company’s management has successfully started implementing an extensive improvement programme that will continue to be beneficial to DISA in the future," says Senior Partner Lars Krogsgaard at Procuritas and continues: "On the back of three very successful years, it has been a logical step for DISA to become part of a larger group that can further accelerate growth and ensure strength and competencies to proactively act on the changes faced by our global customers."
The acquiror, Mid Europa Partners, is also the owner of Wheelabrator, one of the major metal surface preparation equipment manufacturers. The combination of DISA and Wheelabrator will result in a combined entity will have a turnover exceeding EUR 400 million and more than 2,700 employees.
"DISA is very excited about the opportunities this transaction creates. Wheelabrator is a strong company with a unique product portfolio and the combination of the two companies will create many benefits for the company’s customers and other stakeholders," DISA CEO, Kent Arentoft comments.
Procuritas Capital Investors III is a private equity fund focused on mid-sized companies in the Nordic region. The Fund’s investors include, among others, Nordea Liv, Sampo and Statoil. The fund is advised by Procuritas Partners.
The change of ownership is subject to the approval of the antitrust authorities before being finalized. This is expected to take place within the first half of 2008.