Dinnington-based Direct Track Solutions Ltd (DTS) has been acquired by Swiss company Schwihag AG.
Direct Track Solutions Limited was founded in 2002 by Martin and Melanie Southwell to focus on competitive supply chain solutions for the railway industry. Having significantly grown the business, Martin and Melanie were looking for a partner who could continue this success.
Melanie and Martin Southwell, of Direct Track Solutions Limited, 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 a global supplier of quality railway track products ticked all the boxes.
“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.”
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.
Andy Ryder, Corporate Finance Partner at Shorts, added: “We are delighted to have helped complete this transaction for Martin and Melanie. It has been a pleasure to work with them on this international transaction, and we look forward to hearing of Direct Track’s continuing success under Schwihag’s ownership.”
Schwihag, which was founded in 1971 in Tägerwilen, Switzerland, has over 50 years’ experience in the rail sector and is a longstanding supplier of unique and well-proven trackwork components and fastening systems globally. Rebecca Robinson of Wake Smith provided legal advice to the buyer.
Direct Track Solutions Ltd will continue to trade under the DTS Brand, with the company structure and personnel remaining unchanged.
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