DPE invests in VTU Engineering
- Leading provider of engineering services to the pharma and process industry
- DPE will support VTU’s growth initiatives and expansion of core competencies
- Founding shareholders will retain a substantial stake in the Company
Munich/Graz, 28. February 2018. DPE Deutsche Private Equity Management III GmbH (DPE) acquires a majority stake in VTU Engineering („VTU“ or „Company“). VTU is one of the leading engineering companies, offering services ranging from planning and optimisation of process plants to providing full EPC (engineering, procurement and construction) services to the pharma, biotechnology, chemical, metallurgy as well as oil and gas industries. The Company operates 20 branches in Austria, Germany, Switzerland, Italy and Romania with more than 400 highly qualified employees.
“Since foundation in 1990, VTU Engineering has stood for the highest level of competence, quality and reliability in plant engineering. Our growth trajectory highlights that we have successfully developed from an Austrian specialist to a leading engineering project manager by continuously building on technical knowledge to expand our core competencies”, commented founder Dr. Michael Koncar, who will continue to support the Company as a member of the board. VTU tripled revenues and doubled its workforce since 2010. Large-scale projects with pharma customers have been a major driver of growth. DPE Managing Director Guido Prehn points out, “We have been tracking the development of VTU for nearly two years now and are impressed by the Company’s ability to build strong relationships with major blue-chip names in the pharmaceutical sector. We are convinced that VTU will continue to thrive and intend to support its management team on this course”. Utilising its remarkable market position and reputation, VTU plans to accelerate growth with new customers. “We are looking forward to partnering with an experienced and entrepreneurial investor who will support future growth initiatives” underlines VTU Managing Director Dr. Friedrich Fröschl.
Please find further information on VTU at www.vtu.com.
About DPE Deutsche Private Equity:
DPE Deutsche Private Equity GmbH (“DPE”) is an independent German investment firm. DPE focuses on mid-sized companies in the German-speaking area that operate in industries providing long-term growth prospects. Since foundation in 2007, DPE has invested in 21 companies that have concluded 48 follow-up investments and employ more than 7,300 people. DPE currently manages total assets of € 1.2 billion.
Further information about the firm is available at http://www.dpe.de/en/
DPE Deutsche Private Equity GmbH
Tobias M. Weitzel
BSK Becker+Schreiner Kommunikation GmbH
Tel: +49-177 721 576 0