MUNICH: DYWIDAG Systems International (DYWIDAG) has agreed to sell 100% of its shares in TAM Groupe, a French construction products maker, to German investment firm Private Assets SE & Co. KGaA, the companies said on Tuesday.
The transaction, which is subject to closing conditions, is expected to be completed by early December 2025.
TAM Groupe is a market leader in the manufacturing and distribution of chemical products, fixing and lifting systems, and accessories for the construction industry.
“We extend our sincere thanks to the entire TAM Groupe organization,” said Hugh Pelham, CEO of DYWIDAG. “We believe, along with TAM Groupe’s President Joanne Cooke and her management team, that we have positioned the company for future growth. We are confident that Private Assets is best positioned to lead TAM Groupe forward in its next chapter.”
Dr. Björn Schlosser, managing director of Private Assets France S.A.S., said, “We are pleased to welcome TAM Groupe into our portfolio as Private Assets’ third investment in France. We look forward to working with the management team and employees to further strengthen TAM’s market position.”
About TAM Groupe
Founded in 1960, TAM Groupe specializes in manufacturing chemical products for construction, lifting and fixing accessories for prefabricated elements, and accessories for reinforced concrete. It integrated three market-leading brands—Technique Beton, Artéon, and Mandelli Setra—in the early 2000s.
About Private Assets
Private Assets SE & Co. KGaA is a Hamburg-based investment company that specializes in majority takeovers of companies in special situations. Its shares trade on the m:access segment of the Munich Stock Exchange and on the open market of the Hamburg and Berlin Stock Exchanges. It focuses on corporate spin-offs, medium-sized companies, and firms with unresolved succession issues.
About DYWIDAG
Founded in 1865, DYWIDAG is a global provider of geotechnical products, post-tensioning and stay cable systems, primarily for the infrastructure and energy markets. It is backed by private equity.