20 November, 2024
Translink Corporate Finance in France advised Diploma PLC and its subsidiary, ISG, on the sale of Gremtek, a value-added distributor specialising in cable, tube, hose, and flexible protection solutions for the industry, to DBNext, the B2B distribution division of Groupe Baelen, specialising in spare parts and industrial supplies.
Founded in 1985 and based in the Île-de-France region, Gremtek boasts a unique offering, organisation, and expertise. Its catalogue, comprising over 2,000 proprietary references, is renowned for excellence and its ability to address diverse technical challenges in demanding sectors such as automotive, industrial, aerospace, and military applications. This differentiation enabled Gremtek to stand out in the market. Since 2018, Gremtek had been part of the Interconnect Solutions Group (ISG), a subsidiary of Diploma PLC, a FTSE 100-listed company on the London Stock Exchange.
Established in 2003, Groupe Baelen operates through nine business divisions, including DBNext. This acquisition reinforces DBNext’s ambition to become a global player in the distribution and trading of spare parts and industrial supplies for strategic, high-value sectors. DBNext will benefit from the expertise of Gremtek’s management team, which will continue to lead and expand the company with its support.
Marc Irisson, Partner at Translink CF, who led the transaction, commented, “We are delighted to have assisted Diploma in this divestiture, marking a new chapter for Gremtek’s development. ISG sought to divest this company as the group’s contributions and synergies were insufficient, entrusting us with the mission of finding the right buyer for Gremtek. This transaction once again highlights Translink CF’s expertise in managing cross-border deals within the specialised distribution sector”.
Steve Sargeant, Corporate Development Director at Diploma PLC, added, “We are pleased to have completed the sale of Gremtek to DBNext, a subsidiary of Groupe Baelen. Under DBNext’s leadership, we are confident that Gremtek and its management team will achieve their full potential. The Translink CF team conducted a highly dynamic and smooth process, providing us with the expected support to complete this transaction with exceptional efficiency. Thank you!”
Contact our Team Members advising in this transaction:
Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Acting for over 50 years, Translink Corporate Finance is a global leader in SmidCap M&A (valuations ranging from €10 to 250 million), bringing together over 400 investment bankers in more than 35 countries. In France, the team consists of more than 20 professionals dedicated to M&A and financing operations, possessing sector-specific expertise in TMT, business services, healthcare, industrials, and energy. www.translinkcf.fr/en/
Translink Corporate Finance in the UK has seven offices in Birmingham, Edinburgh, Leeds, Leicester, London, Nottingham and Sheffield. The highly experienced team comprises of 30 M&A professionals, including ten partners has a successful track-record of completing domestic and international M&A transactions across a variety of sectors.
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