Clearwater has advised one of Scandinavia´s leading industrial groups within the production and sale of steel and concrete solutions for construction and industry, DS Gruppen, on the sale to the leading construction and services company in Europe, Goldbeck GmbH.
Family-owned DS Gruppen was founded in 1969 and is headquartered in Hobro, Denmark, with more than 670 employees and departments across Sweden, Norway, and Germany. The business manages the production of construction materials as well as tailored business systems and solutions, including full turnkey contracting for commercial buildings.
Over the past decade, DS Gruppen has experienced strong growth in all its business areas facing great opportunities for continued growth across Europe. In 2021, the business achieved a total turnover of approximately €300m and a pre-tax profit of €37m. DS Gruppen and its founder family Møller Hansen wished to find a strong industrial owner for the company to support the continued growth and international expansion — an essential focus on finding the right future owner to carry on DS Gruppen’s core values.
Goldbeck GmbH, a family-owned business with a significant footprint within the construction industry as well, focuses on one-stop delivery of commercial buildings from development and construction to service during operations. Goldbeck GmbH completed over 500 projects in the 2020/21 financial year, with a total turnover of approximately €4.1bn and currently employs over 8,500 people across its 90 locations across Europe.
DS Gruppen will become an independent division, continuing under the same name, and focusing on further expansion in northern Europe.
