Add-on Acquisition • Building Materials

Donges SteelTec Acquires Normek Oy

On March 1, 2019, Donges SteelTec acquired building materials company Normek Oy from Intera Partners

Acquisition Context
  • This is Donges SteelTec’s 1st transaction in the Building Materials sector.
  • This is Donges SteelTec’s 1st transaction in Finland.

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M&A Deal Summary

Date March 1, 2019
Target Normek Oy
Sector Building Materials
Buyer(s) Donges SteelTec
Sellers(s) Intera Partners
Deal Type Add-on Acquisition

Target Company

Normek Oy

Vantaa, Finland
Normek Group supplies steel structure frames used in non-residential buildings and bridges as well as glass facades. Normek is based in Vantaa, Finland.
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Buyer Overview 1

Buyer

Donges SteelTec

Darmstadt, Germany

Category Company
Sector Construction
DESCRIPTION

Donges SteelTec is a full-service provider for bridge and steel constructions as well as roof and facade systems and timber. Donges Group delivers construction products on schedule, meeting the highest quality and safety requirements. An experienced team offers its customers tailor-made solutions for the most demanding tasks in steel and aluminum constructions. Donges SteelTec is based in Darmstadt, Germany.


Deal Context for Buyer #
Overall 1 of 2
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 2
Country: Finland 1 of 2
Year: 2019 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-19 Ruukki Building Systems Oy

Helsinki, Finland

Ruukki Building Systems Oy is a supplier of building system solutions in Northern and Eastern Europe. Ruukki Building Systems is a project business specializing in the design, manufacture, and installation of building a frame, envelope, and bridge structures out of steel. Ruukki Building Systems operates four production sites in Finland, Poland, and Lithuania. Ruukki Building Systems offers heavy steel structures and bridges as well as other types of steel and concrete frame structures to its customers. Ruukki Building Systems is based in Helsinki, Finland.

Buy -

Seller Profile 1

SELLER

Intera Partners

Helsinki, Finland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 585M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Intera Equity Partners is a private equity firm focused on opportunities in Finland and greater Scandinavia. Intera looks for businesses generating sales of €10 to €200 million, operating in growing markets, with committed management, and predictable cash-flows. Targeted transaction situations include ownership restructurings in family-owned businesses, consolidations, as well as traditional buyouts/buy-ins. Intera was formed in 2007 and is based in Helsinki.


Deal Context for Seller #
Overall 11 of 23
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 2 of 4
Country: Finland 10 of 20
Year: 2019 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-28 Rantalainen

Hyvinkaa, Finland

Rantalainen is a provider of financial management, accounting, reporting, and auditing services from over 40 locations in Southern Finland. Rantalainen was founded in 1972 and is based in Hyvinkaa, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-29 Trafotek Oy

Kaarina, Finland

Trafotek Oy is a supplier in the design and manufacturing of specialized power electronics components, such as reactors, transformers and filters in medium to high power range. Trafotek’s customers include leading players in the fields of power electronics, industrial automation, renewable energy, and marine industry.

Sell €28M