DSI acquires 100% of its Brazilian subsidiary, PROTENDIDOS DYWIDAG Ltda.
DSI is pleased to announce that it has acquired the remaining 38% shareholding that it did not previously own in its construction business in Brazil, PROTENDIDOS DYWIDAG.
Headquartered in Sao Paulo, PROTENDIDOS was founded in 1971 and is one of the leading suppliers of Geotechnical and Bar Post-Tensioning Systems in Brazil.
Alan Bate, Chairman and CEO of the DSI Group, commented:
“We have had a very successful partnership with the Helle family, the co-founders of the company, for many years and I would like to pay tribute to the family for their firm support over the years.
In 2008, DSI established a separate division to provide specific focus on South America, and this acquisition emphasizes our commitment to the region and the confidence we have in all our businesses there - in Chile, Peru, as well as in Brazil.
We are therefore delighted to make this announcement, as it represents a significant strategic investment for DSI. South America is a key growth market for us, and this step enables DSI to take full advantage of the market opportunities available in Brazil and to improve the range of products we are able to offer our customers. We have a great management team in PROTENDIDOS and they have our full support as they take the business forward.”
DSI combines USA Underground Units in New Legal Entity: DSI Underground Systems Inc.
On December 31st 2009, DSI’s USA Mining and Tunneling business units: DSI Ground Support Inc., Met-tech Inc., Fasloc Inc. and American Commercial Inc., merged into the newly founded DSI company in the USA titled DSI Underground Systems Inc..
This represents a further strategic step towards concentrating DSI’s business activities and strengthening its consistent market presence. The new operative unit will create efficient and lean structures, thus further strengthening DSI’s position in the North American Underground market.
Regional Chief Executive Officer, Alan Henderson, states: “The new legal entity structure considerably strengthens DSI’s market presence in the USA by fully utilizing operational and commercial synergies of the previous 4 companies. DSI is positioning itself for further growth in the United States coal, hard rock mining and tunneling sectors. DSI now has 6 manufacturing facilities in the USA with plans for further expansion.”
DSI acquires 100 % of DSI Spain’s shares
Until recently, DSI held a majority interest in DYWIDAG Sistemas Constructivos (DSC) in Spain.
In November 2009, DSI successfully acquired the remainder of the shares so that, from now on, DSC is a wholly-owned subsidiary company of the DSI Group. Based in Fuenlabrada, in the south of Madrid, DSC will continue to be managed by Amadeo Vilar as the manager in authority.
DSC’s business activities include the following areas:
- DYWIDAG Post-Tensioning Systems,
- DYWIDAG Geotechnical Systems and
- Tunneling/Mining Systems.
DSC is completely integrated into our pan-European structures and has been co-operating successfully with all of the DSI companies within the EMEA region for years.
The complete technical and logistic support for our activities on the Iberian Peninsula – Spain and Portugal - is concentrated at DSC’s headquarters in Fuenlabrada, Spain. These measures constitute yet another important step towards the expansion of our leading market position on the Iberian Peninsula.