Munich-based private equity investor Mutares has acquired Dutch company Byldis, a prominent player in Modern methods of construction (MCC) in the UK and European markets.
Changing the construction world
Founded in 2018, Byldis claims to reshape the construction industry through advanced technologies and off-site construction solutions. The company emerged as an independent entity in 2018, breaking away from the Hurks Group construction company.
With a team of 400 people, Byldis offers end-to-end services from design to prefabrication and on-site assembly to hotels, offices, hospitals and funeral homes.
The company handles projects of all sizes and complexities, covering both integral and non-integral works in different sectors across the Netherlands, Belgium, and the UK.
Aim of the acquisition
Mutares’ acquisition of Byldis strengthens its position in the UK and European markets, enriching its portfolio with Byldis’ expertise and sustainable construction solutions.
With this deal, Mutares can focus on innovation in modern construction methods, expand its market reach across the UK and Europe and work together with Byldis to create a more eco-conscious construction industry.
Michael Koch, CRO and Interim-CEO of Byldis says, “Byldis is a remarkable company with a proven track record of innovation and excellence. This acquisition is a strategic move that enhances our capabilities and cements our commitment to delivering cutting-edge solutions to our clients. We are thrilled about the potential this partnership holds.”
Henk Berendsen, Financial Director of Byldis adds, “Joining forces with Mutares is a thrilling prospect. Their commitment to innovation and sustainable practices perfectly aligns with our own values.”
“Together, we are poised to make an even greater impact on the construction industry and drive positive change.”
Brief about Mutares
Founded in 2008, Mutares is a private equity investor specialising in special situations.
The firm acquires underperforming parts of large corporations and transitioning medium-sized companies, employing a turnaround approach to enhance their development potential.
Mutares focuses on European companies with established business models and high growth potential, particularly in sectors like automotive & mobility, technology & engineering, goods & services, and retail & food.
With a focus on companies with sales between €100M and €750M, Mutares employs an owner-managed approach, where management and supervisory board members, owning around 37 per cent of the shares, actively contribute to the value creation process.
Read the orginal article: https://siliconcanals.com/news/mutares-acquires-byldis/
