- Acquisition of egg processors Egga Food Group and Eivo by Hardeman Egg Group
- Germany based industrial holding Mutares acquires Byldis
- Torqx Capital Partners acquires Prins Castings & Forgings and ELCEE
- Sale of founder-owned minority share in e-commerce fashion boutique Orangebag
- Real estate developer and asset manager Netjes Group changes shareholder structure
- ActivityPrefab high-rise construction
- Date11 October 2023
- CountryGermany - Netherlands
Germany based industrial holding Mutares acquires Byldis
Byldis offers a market leading off-site modular prefab concept for mid- and high-rise construction in Europe. This unique production system is the result of over 50 years of experience in engineering, precast concrete and façade technology. Among its projects in the UK, the Netherlands, Belgium, Germany and the Nordics, is the Zalmhaventoren, with 215 meters the tallest prefab concrete building in the world. The company employs approximately 500 employees and operates three production sites in Veldhoven and Tilburg, the Netherlands.
Mutares is an international industrial holding and private equity investor focusing on the acquisition of parts of large corporations (carve-outs) and medium-sized companies in transitional situations. Mutares typically acquires European companies with an annual turnover EUR 100 million to EUR 750 million. The group holds 27 companies with a combined workforce of 27.000 employees. Mutares is headquartered in Munich, Germany and operates from 12 offices across Europe.
As a market leader in Modern Methods of Construction (MMC) with over 50 years of experience in engineering, precast concrete, and facade technology, Byldis offers an off-site alternative to traditional construction methods within the European mid- and high-rise construction market from the initial request and design through manufacturing and assembly in one of their factories, to installation at the construction site. Serving as a one-stop-shop for engineering, production, installation, transportation, and on-site assembly, Byldis’ method is up to 50% faster than traditional on-site construction with reduced risk of safety and failure costs. Headquartered in Veldhoven, the Netherlands, the company operates primarily in the Netherlands and the United Kingdom and employs approximately 300 employees.
Mutares is strongly committed to strengthen the company’s project execution capabilities and accelerate the path to profitability. Further improvements are expected within optimization of the corporate governance structure, restoring the strong brand perception in the market and through implementation of operational excellence initiatives.
Johannes Laumann, CIO of Mutares, comments: “With our support we are convinced we can materialize the excellent and unique product offering for the mid- and high-rise market. Byldis is a great addition to our Engineering & Technology segment strengthening our expertise and successful track-record in the field of construction solutions.”