NPM Capital Takes Majority Interest in Dieseko Group (The Netherlands)
- Business & Finance
Private equity firm NPM Capital is taking a majority interest in Dieseko Group BV, manufacturer of hydraulic vibratory foundation equipment. These machines and power packs are supplied for rental and sales to foundation companies across the globe.
Not only on land and on the water but also in the offshore industry. BAM, Ballast Nedam, Heijmans, Petrobras, Liebherr and Hochtief are just some of the company’s clients. With NPM Capital, Dieseko plans to expand and perfect its range of products and services and strengthen the international (service) network via well-targeted acquisitions, among other things.
NPM will support Dieseko with the expansion of its activities by providing both financing and know-how. The company currently employs 120 staff at the head office in Sliedrecht and many other people at the branches in Singapore, Brazil and China. Local, independent dealer companies take care of sales and support activities abroad. One of the group’s strategic aims is to strengthen the international position and growth, particularly in China and Brazil.
The current Dieseko Group BV was created as a result of a merger in 2008 of the former Dieseko Verhuur BV from Sliedrecht and International Construction Equipment from Almere. The history of the already large international players in this niche market goes back to the nineteen-seventies. Both companies can draw upon almost 30 years’ experience in production (and all corresponding disciplines) with hydraulic vibratory foundation equipment for driving and extracting sheetpiles, piles and other foundation elements.
The customers, often construction and foundation companies, use these machines for the installation of canal bank protection systems, port quays and viaducts on major roads but also for installing foundation piles for offshore oil platforms and windfarms. The many innovations and the strong discipline in relation to rental, service and, above all, know-how, have enabled the company to create a cast-iron position for itself in the market.
The involvement of NPM as a majority shareholder means that the investment company Greenfield Capital Partners has been completely bought out. The interest of the current directors will largely be retained. The executive team comprises Ton Kraak and Jan van Es, who will continue to fulfil the directorial function.
Dieseko is warmly welcomed into the NPM family. “We are delighted with the new investment because it fits perfectly into our mission”, says NPM CEO Jan Willem Baud. “Dieseko’s technology and the product package are constantly under development and promise to deliver many new applications. The directors have a healthy degree of ambition in terms of strengthening the worldwide niche. For this reason, we are delighted to be able to provide the growth capital required to take the company to the next level and help realise its potential.”
Press Release, November 28, 2013