Kirk Kapital acquires the leading metal surface treatment provider DOT

Strategic Investments   /  

03.06.2024

Kirk Kapital acquires DOT A/S (‚ÄúDOT‚ÄĚ) from Jysk Fynsk Kapital A/S (‚ÄúJysk Fynsk Kapital‚ÄĚ) and associated companies.

 

DOT, formerly known as Dansk Overflade Teknik, specializes in a suite of metal surface treatment services, including hot-dip galvanizing, powder coating, painting, and metallization. DOT operates 12 facilities across Scandinavia and employs around 600 people. Over the past 15 years, DOT has achieved strong growth through strategic acquisitions of galvanizing facilities across Denmark, Sweden, and Norway. This strategy has strengthened the quality of services provided and created a strong market position for DOT. Today, DOT stands as the clear leader in hot-dip galvanization throughout all of Scandinavia.

 

Kirk Kapital’s investment strategy is to be a large minority shareholder. Consequently, Kirk Kapital will in due time seek to invite like-minded partners into the ownership structure and reduce its ownership stake in DOT.

 

Kim Gulstad, CEO of Kirk Kapital, is pleased with the investment in DOT.

 

“We are thrilled to partner with DOT, a company with a rich heritage and a strong reputation amongst customers for excellence in metal surface treatments. This investment is aligned with Kirk Kapital’s strategy of supporting well-run and market leading companies with a long-term ownership horizon. At the same time, we look forward to eventually being able to invite other partners into the ownership structure,” he says.

 

The families behind Jysk Fynsk Kapital have been co-owners since 2008, and majority owners since 2016. They are proud of DOT’s development under their ownership and are excited to follow their continued journey with Kirk Kapital.

 

“We are proud of the remarkable journey DOT has embarked on under our ownership. Therefore, we would like to thank the management and all employees at DOT for their efforts. We are also pleased to be able to sell DOT to a Danish and reputable investor like Kirk Kapital. We are convinced that Kirk Kapital will be a good partner for the management and DOT and will ensure DOT‚Äôs continued success,‚ÄĚ says Per Christensen, CEO of Jysk Fynsk Kapital.

 

The executive management team at DOT will remain in place and will consist of CEO Henrik Steen-J√łrgensen and CFO Nicolai Christensen. We look forward to further accelerated growth for the company in the coming years.

 

“I would like to thank Jysk Fynsk Kapital for their support and assistance during their 16 years of ownership. At the same time, we at DOT are happy and proud of the future partnership with Kirk Kapital. The future ownership aligns well with our values and our commitment to developing a sustainable company while securing the future of DOT and our employees. Moreover, we expect that Kirk Kapital’s expertise will be important in navigating future acquisitions and expanding our presence in the Nordic and Northern European markets, further solidifying our position as a leader in metal surface treatments,” says Henrik.

 

The transaction is subject to customary regulatory approvals.

 

About DOT

DOT, formerly known as Dansk Overflade Teknik, is headquartered in Fasterholt, Denmark, and was founded in 1955. DOT is a full-service provider of surface treatments, including hot-dip galvanizing, powder coating, painting, and metallization. Today, DOT has 12 facilities across Scandinavia and employs ca. 600 employees. See www.dot-nordic.com

 

About Jysk Fynsk Kapital

Jysk Fynsk Kapital was established in 2005 as an alternative to traditional private equity. The owners behind Jysk Fynsk Kapital are four companies, namely Genua A/S, Hoffman Esbjerg Holding A/S, Investeringsselskabet Elkær Invest A/S, and Vald. Birn Holding A/S. Jysk Fynsk Kapital was established to provide capital from the industry to the industry with the founders’ own industrial experiences. Following the sale of DOT, there are five additional companies in the portfolio. See www.jf-kapital.dk

 

About Kirk Kapital

Kirk Kapital is a family-owned investment company owned by the Kirk Johansen family. The Kirk Johansen family are descendants of Ole Kirk Christiansen, who established LEGO. Kirk Kapital manages approx. DKK 19 billion in AUM invested across Strategic Investments and Financial Investments. Within Strategic Investments, Kirk Kapital is an active long-term owner with larger minority positions in 17 companies. See www.kirkkapital.dk

 

Contact Information:

 

Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70

Henrik Steen-J√łrgensen, CEO of DOT, +45 96 28 03 30