Swiss rail company adds to South Yorkshire presence with acquisition
Dinnington-based company Direct Track Solutions (DTS) has been acquired by Swiss company Schwihag for an undisclosed sum.
DTS was founded in 2002 by Martin and Melanie Southwell to focus on competitive supply chain solutions for the railway industry. Martin, who turned 65 in March, and Melanie were looking for a partner who could continue the business’s success.
They said: “Having worked for 22 years building a successful business, we agreed that the time was now right to look for a buyer that could take the business to the next level.
Schwihag AG is the perfect fit, enhancing the DTS brand and creating greater opportunities for all the staff. We are both delighted that the future of DTS is in good hands and we are confident that the business will go from strength to strength.”
The acquisition is seen as a strategic addition to Schwihag’s UK portfolio, increasing the range of products and services offered to the market.
Schwihag has manufacturing facilities in Doncaster, as well as Germany and USA, with other international sites in Spain and India.
Karl-H Schwiede, president of the board of Schwihag Group, said: “We are excited to continue doing business with DTS and appreciate our continued partnership.”
Corporate finance advice was provided to DTS by Andy Ryder and Adam Ames of Shorts, together with legal advice from Matt Ainsworth of Shakespeare Martineau. Rebecca Robinson of Wake Smith provided legal advice to Schwihag.
