DSI Underground completes Technology Acquisition for global Soft Rock Markets
DYWIDAG-Systems International (DSI) is pleased to announce the acquisition of patent pending surface control technology from Three Rivers Packaging Inc. in the USA. Three Rivers marketed and manufactured the Mine+Safe Rock Shield primarily for the USA Coal industry. DSI now holds the manufacturing assets and intellectual property for this popular secondary ground support product.
“Although this product is widely used in the USA, it is the intention of DSI to use its global footprint to manufacture, market and sell this product line in all regions of the world”, stated Alan Henderson, RCEO Underground Americas. Mr. Henderson also stated: “Mine+Safe surface control technology shows DSI commitment to bring high quality, technologically superior products to its global soft rock mining customers”.
Patrik Nolåker, Group CEO, commented: “This acquisition is in line with our strategy to broaden our product offering to the mining industry. We continue to actively invest in interesting technologies which can improve safety and productivity”.
DSI acquires the rights of the JFP 95 Dust Suppressant for Reducing Dust Concentration in Mining
On June 6th 2012, DYWIDAG Systems International (DSI) acquired the rights of the JFP 95 Blue Anti-Static Dust Suppressant from WB Mining.
DSI has been distributing this product line for over 12 months with success and will now gain WB Mining’s direct customer sales in the USA, United Kingdom, and Australia.
The JFP 95 Blue Anti-Static Dust Suppressant marks DSI’s continuing expansion into chemical products for the Underground industry. DSI plans to use the existing distribution network that was established by WB Mining along with its own global sales network to market and sell the JFP product line worldwide.
Strategically, DSI is focused on providing customized special solutions in Mining. DSI’s entry into the JFP product line began as a client driven initiative to increase safety conditions for our Underground customers.
DSI’s Group CEO Patrik Nolåker commented: “This contract is in line with our strategy to continuously strengthen our mining business. We are committed to fully supporting the coal industry, and this represents another step into this direction.“
Announcement regarding DSI's Board of Directors
We are pleased to confirm that the composition of the DSI Board of Directors is now complete, following the recent appointment of Mr. Michael Reich.
The Board now comprises:
Dr Hansgeorg Balthaus - Non-Executive
Mr Stephan Foerschle - Non-Executive (Triton)
Mr Bjorn Killmer - Chairman (Triton)
Mr Nick Moses - Group CFO
Mr Patrik Nolåker - Group CEO
Mr Michael Reich - Non-Executive
Mr Matthew Turner - Non-Executive (Chairman of the HR and Audit Committees)
Dr Balthaus and Mr Turner joined the Board last August after the Triton acquisition. Dr Balthaus is Senior Executive Vice President at Hochtief Solutions AG. Mr Turner was formerly International Head of Global Private Equity at Bank of America Merrill Lynch.
Mr Reich was appointed in April. He is Director of Reich Mining Services Australia and was formerly CEO of Minova.
Patrik Nolåker commented, “DSI now has a really strong Board to oversee its development in the coming years. The external Directors bring a wealth of very relevant industrial and professional experience, which blends extremely well with the perspectives provided by the Triton Board members.”