Press
release
H2 Equity Partners has
acquired DIT Bouw en Techniek
Amsterdam, April
2010
DIT Bouw en Techniek (‘DIT’) is a group of companies active in
staffing and secondment of technical personnel with total sales of
approximately € 65 million and circa 1,200 employees. The company is
active under a number of brands amongst which DIT Bouw & Techniek,
The Payroll People and Primajob. The business has a nationwide network
of branches and a market leading position in the Dutch market.
The company had a difficult year in 2009 as a result of the economic
situation. However the company is positive on the future as it operates
in a market with a long-term growth perspective. The shortage of skilled
technical personnel is forecasted to increase as a result of a mismatch
between the outflow, driven by ageing population, and the inflow of new
technicians. Furthermore, construction and installation companies are
forecasted to increase the level of flexible personnel after this
economic downturn.
H2 Equity Partners has acquired a controlling position in DIT. The
investment thesis is to create additional shareholder value by further
optimizing the cost structure and by initiating a growth strategy
including add-on acquisitions to leverage the existing infrastructure of
the company and to expand into complementary but adjacent market
segments.
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