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Dycomet is a Netherlands-based firm providing low and medium stress chilly spray know-how options to varied industries since 2006. In 2016 Dycomet additionally added high-pressure chilly spray options to their portfolio, which is able to present Titomic’s European prospects with native help and functionality. Dycomet’s portfolio consists of turn-key chilly spray options, analysis and improvement providers by way of an in-house laboratory, software program improvement and the supply of servicing, spare elements and consumables for its techniques. Its purchasers embrace family manufacturers resembling Rolls-Royce, Mercedes, Airbus, Siemens, VW, and several other main universities. The corporate is aligned with Titomic’s strategic method focusing on markets such because the aviation and automotive business.
Herbert Koeck, Chief Government of Titomic, commented: “The acquisition of Dycomet is a big step in Titomic’s strategic pathway to being a world firm. We’re excited to welcome Dycomet onboard and sit up for working with Klaas and his group on the numerous thrilling alternatives that this acquisition presents. Whereas Titomic focuses on high-pressure functions, Dycomet providers the soft-end low and medium-pressure market. With our complementary equipment and product portfolio, the mixed experience now out there to the Firm will additional speed up the Firm’s progress into new markets and supply present prospects with a broader product providing.”
Dycomet’s Founder and Chief Government, Klaas Rozema, will step into the brand new function of Common Supervisor of Titomic Europe. Klaas brings a wealth of expertise in chilly spray know-how, having spent the previous 13 years constructing Dycomet to now maintain a number one place within the European market.
“I’m delighted that Dycomet has been acquired by a brand new proprietor who understands our business,” mentioned Klaas Rozema, Chief Government of Dycomet. “Titomic is a superb complementary match with our present product set and experience and might help the following part of progress, providing a wealth of alternatives for our group. I’ll proceed to guide the enterprise in Europe, and I sit up for working with Herbert to carry the 2 firms collectively and make sure the synergies between the 2 companies are totally harnessed.”
The transaction will present Titomic with a base in Europe, giving it distinctive international entry along with its Australian Headquarters and Titomic USA. The acquisition might be instantly income accretive for Titomic with a wholesome pipeline of buyer orders in Europe. A number of synergies that might be instantly realized between the companies embrace additions to Titomic’s complete product portfolio, wider product presents to present prospects, use of complementary equipment units from each side, Titomic’s capacity to service and preserve extra business equipment in Europe and offering technical and gross sales capabilities for the Firm within the area
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