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.”