On 28 April 2020, Datwyler signed an agreement to sell the Civil Engineering market unit as part of a management buyout. The managers Matthias Orth and Matthias Klug, together with the
Hamburg-based investment company BPE, will acquire Datwyler Sealing Technologies Deutsch-land GmbH, Waltershausen.
In the new structure, the division also receives a new name. On 04 May 2020 the renaming to SEALABLE Solutions GmbH and the execution of the contract will take place.
The parties have agreed not to disclose details of the transaction.
With the support of BPE as a specialist with more than 20 years of experience in implementing management buy-outs in the German SME sector, the long-standing experienced management team will adapt the structures and strategy to the needs of its market and customer segments in an even more focused way.
With more than 180 employees, the future SEALABLE Solutions GmbH manufactures and sells well-engineered solutions made of elastomer profiles in more than 50 countries – from simple sealing profiles to complete sealing systems for shield tunnels.
Following the previously announced sale of the distribution companies Distrelec and Nedis, the Datwyler Group will in future focus on the growing and high-margin field of sealing components for attractive global markets such as healthcare, mobility, oil & gas, food & beverage and general industry.