Titomic Ltd, Melbourne, Australia, has acquired leading European cold spray technology company, Dycomet Europe B.V., Akkrum, the Netherlands. Currently, Dycomet’s portfolio includes turn-key cold spray solutions; research and development services via an in-house laboratory; software development; and the provision of servicing, spare parts and consumables for its systems.
From its beginning thirteen years ago, Dycomet has offered low- and medium-pressure cold spray technology solutions to various industries before adding high-pressure cold spray solutions in 2016. Its clients include Rolls-Royce, Mercedes, Airbus, Siemens, VW, and several leading universities.
Klaas Rozema, Dycomet’s founder and Chief Executive, will step into the new role of General Manager of Titomic Europe.
“The acquisition of Dycomet is a significant step in Titomic’s strategic pathway to being a global company,” stated Herbert Koeck, Chief Executive of Titomic. “We are excited to welcome Dycomet onboard and look forward to working with Klaas and his team on the many exciting opportunities that this acquisition presents.”
He continued, “While Titomic focuses on high-pressure applications, Dycomet services the soft-end low and medium-pressure market. With our complementary machinery and product portfolio, the combined expertise now available to the company will further accelerate the company’s growth into new markets and provide current customers with a broader product offering.”
The transaction will provide Titomic with a base in Europe, which, together with its Australian headquarters and Titomic USA, gives the company global access. The acquisition is expected to be immediately revenue accretive for Titomic with a pipeline of customer orders in Europe, with additions to Titomic’s product portfolio, wider product offers to current customers, use of complementary machinery sets from both sides, the ability to service and maintain additional industry machinery in Europe and providing technical & sales functions available in the region.
Klaas Rozema concluded, “I am delighted that Dycomet has been acquired by a new owner who understands our industry. Titomic is an excellent complementary fit with our current product set and expertise and can support the next phase of growth, offering a wealth of opportunities for our team. I will continue to lead the business in Europe, and I look forward to working with Herbert to bring the two companies together and ensure the synergies between the two businesses are fully harnessed.”