Donges Group expands to Northern Europe
Darmstadt (Germany), February 28, 2019 – Donges Group, specializing in the planning, design, engineering and construction of steel bridges and steel building constructions as well as high-quality roof and façade solutions, is expanding into Northern Europe. Today Donges signed a purchase agreement with Normek Group Oy about the acquisition of Normek Oy based in Vantaa, Finland, and its subsidiaries in Finland and Sweden. The acquisition was also closed today and marks the second add-on acquisition for German Donges Group.
Normek is one of the leading steel building construction and façade solutions companies in Finland and operates mainly in the Finnish and the Swedish market. The business activities of Normek ideally complement the existing business of the Donges Group. Normek operates four production sites in Finland and a project management and sales office in Sweden. It specializes in the design, engineering and construction of steel frame structures and steel bridges as well as on the manufacture of customer-specific glass façade solutions. Normek generated sales of around EUR 65 million in 2018 and employs around 250 people.
Johannes Laumann, Managing director of Donges SteelTec, expects this transaction to further increase sales and profitability for the entire Donges Group: “With Normek, we are pleased to have found an established Northern European specialist for steel construction and façade solutions which contributes to the further growth of the Donges. This add-on acquisition will expand and complement the product portfolio and distribution channels of both Donges Group and Normek.”
The Donges Group has been part of the Mutares Group since November 2017. Following the rapid and successful completion of the turnaround program, Donges is now concentrating on further increasing profitability and optimizing its key business areas. After the acquisition of German Kalzip Group in October 2018, today’s transaction represents the second add-on acquisition for Donges Group. The acquisition of Normek is part of the sustained repositioning of Donges as a specialist provider of steel bridges, steel building construction, roof and wall solutions in the European markets. Including its two strategic add-on acquisitions, the entire Donges Group generates annual sales of around EUR 180 million and employs around 600 people.