Enerpac Tool Group Acquires DTA
Written by Jennifer McLawhorn, Managing Editor
Courtesy of Enerpac Tool Group
MILWAUKEE – Enerpac Tool Group Corp. announces it has acquired DTA The Smart Move, S.A. (DTA).
Purchased for €24 million, DTA is a “global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions,” according to the press release. In addition to the €24 million, there is potential f765–80or a three-year earn-out that is tied to the achievement of specific financial objectives.
Enerpac Tool Group’s industrial tools and solutions strategy is advanced through this acquisition in that it adds “automated on-site horizontal movement products to its Heavy Lifting Technology (HLT) portfolio and capitalizes on the trend towards greater automation in manufacturing and other industrial processes.” This acquisition will also add DTA’s products and solutions to Enerpac’s own solutions offerings in a variety of markets including “rail, wind, infrastructure, aerospace, and nuclear.” The release goes on to state that DTA is expected to generate around €20 million in revenue by FY2025.
Enerpac Tool Group Corp. President and CEO Paul Sternlieb said, “The addition of DTA’s complementary expertise and on-site horizontal movement products to our product portfolio will allow us to serve a greater portion of customers’ end-to-end activities. Moreover, we can leverage Enerpac’s global sales and operational discipline to create value for our customers and shareholders. We are excited to grow our business through this strategic acquisition and welcome DTA’s leadership and team to the Enerpac family.”
“About Enerpac Tool Group
Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company’s website at www.enerpactoolgroup.com.
“About DTA
Founded in 1972 as a family-owned business, DTA specializes in the design and manufacturing of self-propelled transporters for on-site transportation from one to 1,200 tons. Its transporters have been used in sectors such as wind, rail, shipbuilding, automotive, aerospace, steel mill and foundries, the port industry, and others. The company is headquartered in Madrid, Spain and sells into more than 50 countries worldwide. For further information on DTA, visit the company’s website at www.dtaglobalservice.com.”
