DPE invests in leading engineering service provider VTU
Munich/Graz — Funds advised by DPE Deutsche Private Equity Management III GmbH (DPE) acquire a majority stake in VTU Engineering (“VTU” or the “Company”). The founding team remains significantly involved in the company.
VTU is a leading engineering service provider for the planning and optimization of process plants up to the general planning of major investments in the pharmaceutical, biotechnology, chemical, metallurgical, and oil and gas industries. The company has 20 locations in Austria, Germany, Switzerland, Italy and Romania and employs over 400 highly qualified employees.
“Since its foundation in 1990, VTU Engineering has stood for the highest level of competence, quality and reliability in plant design. Our growth path so far proves that we have developed from an Austrian specialist to a leading plant designer and project manager in the entire German-speaking region and beyond through technical know-how and a constant expansion of core competencies,” comments founder Dr. Michael Koncar, who will support the company in the future as a member of the advisory board.
Since 2010, VTU has more than tripled its sales and more than doubled its workforce. Major projects with pharmaceutical customers in Germany, Austria and Switzerland are the main growth drivers. DPE Managing Director Guido Prehn emphasizes: “We have been following VTU’s development for more than two years. We are impressed by how the company has established long-standing relationships with the big names in the pharmaceutical industry. We see significant growth potential for VTU and will strongly support the management team as it continues on its course.” VTU intends to leverage its strong market position and reputation as a pharmaceutical specialist to drive growth with new customers. “We are looking forward to tackling VTU’s next growth initiatives with an experienced, entrepreneurial and strong partner behind us,” underlines VTU CEO Dr. Friedrich Fröschl.
About DPE Deutsche Private Equity
DPE Deutsche Private Equity (“DPE”), founded by Volker Hichert (photo ) and Marc Thiery, is an independent German private equity firm and one of the largest growth capital providers in Germany. It focuses on medium-sized companies in German-speaking countries that operate in sectors with positive long-term development prospects. DPE was founded in 2007 and has since invested in 21 companies, making 48 follow-on investments and employing more than 7,300 people today. DPE manages total assets of around € 1.2 billion.
Advisor DPE: P+P Pöllath + Partners
P+P advised DPE on German tax aspects of the acquisition with the following team:
— Dr. Michael Best (Partner, Tax Law, Munich)
— Gerald Herrmann (Counsel, Tax Law Munich)