An equity partnership based in Denmark has taken control of DISA Holding AG from Dansk Industri Syndikat A/S, in a stock purchase. DISA’s management are listed as co-owners of the new organization.
DISA Holding AG, founded in 1995, is the parent company of DISA Industrie AG and a series of other operating units supplying foundry and metal-surface finishing equipment and processes worldwide. Its foundry products include molding, shot-blasting, and fettling equipment.
Procuritas Capital Investors III is a private equity fund focused on midsized companies in the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden.) Among its investor partners are Nordea, Statoil and INVESCO.
“We are impressed with the strong position DISA has in its markets, as well as the strength of the DISA brand name”, says senior partner Lars Krogsgaard of Procuritas Partners A/S. “We see many opportunities to grow the company and it is our intention to do that based on a long term strategy. We have the capital to entertain value-enhancing investments in DISA and we will build on the current strong order pipeline and the market leading position in the global foundry and shot blast market. We especially see the potential in the Asian market.”
DISA CEO Peter P. Srenson said, “It is good for us to get as strong an owner, with a long-term perspective, as Procuritas Capital Investors III, which is prepared to continue to support the company. The resources and the competences that our new owner can provide us with will give us the possibility to continue to improve our market position.”