(IN BRIEF) Andra Tech Group, a leading manufacturer of precision mechanical components, has completed its second acquisition with the purchase of DKH Metaalbewerking B.V., a specialist in complex metallic parts and components. The acquisition will expand Andra Tech Group’s presence in the Dutch market and solidify DKH’s position to meet growing customer demand. The transaction was led by Equistone, a European private equity firm, and was advised by PwC (Financial & Tax) and Vesper (Legal).
(PRESS RELEASE) LONDON, 6-Feb-2023 — /EuropaWire/ — Equistone, a leading mid-market private equity firm, is proud to announce the successful completion of Andra Tech Group’s second acquisition. Andra Tech Group, a manufacturer of precision mechanical components, has acquired DKH Metaalbewerking B.V., a specialist in complex metallic parts and components. This acquisition will further expand Andra Tech Group’s presence in the Dutch market, as well as solidify DKH’s position to meet growing customer demand. DKH was acquired from its founder and CEO, Francois van Hirtum, who over the past 20 years successfully transformed the company into a trusted partner for a highly regarded customer base.
With this acquisition, Andra Tech Group consists of seven companies with over 500 highly qualified employees serving a diverse international customer base in the semiconductor market, aerospace, transport, packaging, food, and medical industries. The group boasts a high level of expertise in processing complex metals, plastics, and composites, and utilizes state-of-the-art technologies like 3D metal printing and cleanroom assembly systems.
DKH, based in Uden, the Netherlands, is a highly automated manufacturer of complex precision mechanical parts and components, with a focus on CNC milling and turning. The company serves various industries such as food processing, automotive, transportation, and medical equipment, and currently employs around 30 experienced professionals.
“We have developed DKH into an important partner for producing customer-specified products. Now, by joining forces with the Andra Tech Group, we want to take the company’s success and development to a new level, both from a technological as well as an organizational perspective. By joining the Andra Tech Group, we can provide even better offering for our customers and our employees.” explains Francois van Hirtum, founder and CEO of DKH.
Geert Ketelaars, CEO of Andra Tech Group, adds: “DKH is an important addition to the Andra Tech Group. Our new colleagues serve an attractive and diverse customer base, and we expect that the other companies in our group can leverage DKH’s expertise in automated product handling. We look forward to the collaboration between DKH and our existing companies.”
“With DKH, the Andra Tech Group is gaining another strong partner that is extremely well-positioned in its market. With its high-quality standards and comprehensive technical know-how, DKH reinforces the group’s strong technical capabilities and further boosts its attractiveness to an already broad customer base,” explains Hubert van Wolfswinkel, Partner at Equistone’s Amsterdam office.
The transaction was led by Hubert van Wolfswinkel, Dr Marc Arens, Philipp Gauss, and Josh Aalbers on behalf of Equistone. Equistone received financial and tax advice from PwC and legal advice from Vesper.
This acquisition represents a strategic step for Andra Tech Group and demonstrates Equistone’s commitment to supporting high-growth companies in the manufacturing sector.
PR Contacts
GERMANY / SWITZERLAND / NETHERLANDS
IWK Communication Partner
Ira Wülfing / Florian Bergmann
Tel: +49 (0)89 2000 30 30
equistone@iwk-cp.com
SOURCE: EQUISTONE PARTNERS EUROPE
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