Today we announced that Enerpac Tool Group has acquired DTA, a leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions for handling heavy and special loads. The Madrid-based business was purchased for €24 million plus potential for earnout based on achievement of future performance objectives.
The acquisition advances our pure-play industrial tools and solutions strategy by adding automated on-site horizontal movement products to complement our Heavy Lifting Technology product portfolio and capitalizing on the trend towards greater automation. You can learn more about DTA at their website dtaglobalservice.com.
CEO Paul Sternlieb stated, “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.”
The acquisition of DTA advances Enerpac Tool Group’s pure-play industrial tools and solutions strategy by adding 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. DTA’s products, technology, and capabilities will also expand Enerpac’s solutions offerings in existing vertical markets, including rail, wind, infrastructure, aerospace, and nuclear.
We are excited to grow our business through this strategic acquisition and welcome DTA’s leadership, products and expertise to the Enerpac Tool Group family.