Enerpac Tool Group Announces Acquisition of DTA
Enerpac Tool Group Corp. (NYSE: EPAC) has acquired DTA The Smart Move, S.A., a Madrid-based leader in industrial heavy loads transportation, for €24 million plus a potential three-year earn-out. This acquisition aligns with Enerpac's strategy to expand its Heavy Lifting Technology portfolio by adding automated on-site horizontal movement products. DTA's expertise will enhance Enerpac's offerings in rail, wind, infrastructure, aerospace, and nuclear sectors.
For fiscal 2025, DTA is projected to generate €20 million in revenue with a neutral effect on adjusted EPS, excluding one-time costs and synergies. The acquisition aims to capitalize on the trend towards greater automation in industrial processes and is expected to create value for customers and shareholders.
Enerpac Tool Group Corp. (NYSE: EPAC) ha acquisito DTA The Smart Move, S.A., un leader con sede a Madrid nel trasporto di carichi industriali pesanti, per €24 milioni più un potenziale earn-out triennale. Questa acquisizione è in linea con la strategia di Enerpac di espandere il proprio portafoglio di tecnologie di sollevamento pesante aggiungendo prodotti per il movimento orizzontale automatizzato in situ. L'esperienza di DTA migliorerà le offerte di Enerpac nei settori ferroviario, eolico, infrastrutture, aerospaziale e nucleare.
Per l'anno fiscale 2025, si prevede che DTA generi €20 milioni di fatturato con un effetto neutro sugli utili per azione rettificati, escluse le spese una tantum e le sinergie. L'acquisizione mira a capitalizzare la tendenza verso una maggiore automazione nei processi industriali e ci si aspetta che crei valore per clienti e azionisti.
Enerpac Tool Group Corp. (NYSE: EPAC) ha adquirido DTA The Smart Move, S.A., un líder con sede en Madrid en el transporte de cargas pesadas industriales, por €24 millones más una posible ganancia adicional durante tres años. Esta adquisición está alineada con la estrategia de Enerpac de expandir su portafolio de tecnología de levantamiento pesado al añadir productos para el movimiento horizontal automatizado en el lugar. La experiencia de DTA mejorará las ofertas de Enerpac en los sectores de ferrocarril, energía eólica, infraestructura, aeroespacial y nuclear.
Para el año fiscal 2025, se proyecta que DTA genere €20 millones en ingresos con un efecto neutral en el BPA ajustado, excluyendo costos extraordinarios y sinergias. La adquisición tiene como objetivo capitalizar la tendencia hacia una mayor automatización en los procesos industriales y se espera que genere valor para clientes y accionistas.
Enerpac Tool Group Corp. (NYSE: EPAC)는 마드리드에 본사를 두고 있는 DTA The Smart Move, S.A.를 2400만 유로에 인수했습니다. 또한 3년간의 잠재적인 성과급이 포함됩니다. 이번 인수는 자동화된 현장 수평 이동 제품을 추가하여 Enerpac의 중량 리프팅 기술 포트폴리오를 확장하려는 전략에 부합합니다. DTA의 전문성은 철도, 풍력, 인프라, 항공우주 및 원자력 분야에서 Enerpac의 제공을 강화할 것입니다.
2025 회계 연도에 대해 DTA는 2000만 유로의 수익을 예상하며, 일회성 비용 및 시너지를 제외하고 조정된 주당 순이익에 중립적인 영향을 미칠 것으로 보입니다. 이번 인수는 산업 프로세스의 자동화 증가 추세를 최대한 활용하려는 것으로, 고객과 주주 모두에게 가치를 창출할 것으로 기대됩니다.
Enerpac Tool Group Corp. (NYSE: EPAC) a acquis DTA The Smart Move, S.A., un leader basé à Madrid dans le transport de charges lourdes industrielles, pour 24 millions d'euros, ainsi qu'une éventuelle prime de performance sur trois ans. Cette acquisition est conforme à la stratégie d'Enerpac d'élargir son portefeuille de technologies de levage lourd en ajoutant des produits de mouvement horizontal automatisés sur site. L'expertise de DTA améliorera les offres d'Enerpac dans les secteurs ferroviaire, éolien, infrastructure, aérospatial et nucléaire.
Pour l'exercice 2025, DTA devrait générer 20 millions d'euros de revenus avec un effet neutre sur le BPA ajusté, hors coûts ponctuels et synergies. Cette acquisition vise à capitaliser sur la tendance vers une plus grande automatisation dans les processus industriels et devrait créer de la valeur pour les clients et les actionnaires.
Enerpac Tool Group Corp. (NYSE: EPAC) hat DTA The Smart Move, S.A., einen in Madrid ansässigen Marktführer im Bereich des Transports von schweren industriellen Lasten, für 24 Millionen Euro zuzüglich einer potentiellen dreijährigen Gewinnbeteiligung übernommen. Diese Akquisition passt zur Strategie von Enerpac, das Portfolio für schwere Hebetechnologien durch die Aufnahme automatisierter Produkte für die horizontale Bewegung vor Ort zu erweitern. Die Expertise von DTA wird die Angebote von Enerpac in den Bereichen Eisenbahn, Windenergie, Infrastruktur, Luft- und Raumfahrt sowie Kernenergie verbessern.
Für das Geschäftsjahr 2025 wird DTA voraussichtlich 20 Millionen Euro Umsatz generieren bei neutralen Auswirkungen auf das bereinigte Ergebnis je Aktie, ohne einmalige Kosten und Synergien. Die Akquisition zielt darauf ab, von dem Trend zur verstärkten Automatisierung in industriellen Prozessen zu profitieren und wird voraussichtlich Werte für Kunden und Aktionäre schaffen.
- Acquisition expands Enerpac's product portfolio in automated on-site horizontal movement solutions
- Enhances offerings in key vertical markets including rail, wind, infrastructure, aerospace, and nuclear
- DTA expected to generate €20 million in revenue for fiscal 2025
- Potential for additional earnings through three-year earn-out agreement
- Aligns with industry trend towards greater automation in manufacturing and industrial processes
- Acquisition funded partially through borrowings, potentially increasing debt
- Neutral effect on adjusted EPS in fiscal 2025, excluding synergies
- One-time transaction costs associated with the acquisition
Insights
The acquisition of DTA by Enerpac Tool Group for
The acquisition aligns with the industry trend towards automation, potentially positioning Enerpac for future growth in high-value sectors like aerospace and nuclear. However, investors should note that the deal's success hinges on successful integration and realization of synergies, which aren't quantified in the announcement. The use of cash and credit facility for funding maintains financial flexibility but may impact short-term liquidity.
Enerpac's acquisition of DTA marks a significant step into the mobile robotic solutions market for heavy load transportation. This move is strategically aligned with the increasing demand for automation in industrial processes, particularly in sectors like manufacturing and infrastructure. DTA's expertise in on-site horizontal movement technologies complements Enerpac's existing vertical lifting capabilities, creating a more comprehensive offering for end-to-end material handling solutions.
The integration of DTA's products into Enerpac's Heavy Lifting Technology portfolio could lead to innovative hybrid solutions, potentially opening new market opportunities. However, the success of this integration will depend on Enerpac's ability to leverage DTA's technological expertise across its global sales network and adapt to the rapidly evolving robotics landscape.
This acquisition positions Enerpac to capitalize on the growing trend of industrial automation, which is expected to see a CAGR of 9.3% from 2024 to 2030. By expanding into mobile robotic solutions for heavy loads, Enerpac is diversifying its revenue streams and reducing dependence on traditional tools. The move into key verticals like wind and aerospace aligns with global sustainability and high-tech manufacturing trends, potentially opening doors to larger contracts and government initiatives.
However, investors should watch for integration challenges and the pace of market adoption. The industrial robotics market is competitive, with established players and rapidly advancing technologies. Enerpac will need to demonstrate its ability to innovate and scale DTA's solutions to justify the acquisition price and earn-out structure. The neutral EPS impact in fiscal 2025 suggests a longer-term play, requiring patience from investors looking for immediate returns.
MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) (“Enerpac” or the “Company”) announced today that it completed the acquisition of Madrid, Spain-based DTA The Smart Move, S.A. (“DTA”), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The purchase price is
The acquisition of DTA advances Enerpac Tool Group’s pure-play industrial tools and solutions strategy by adding automated on-site horizontal movement products to its Heavy Lifting Technology (HLT) portfolio and capitalizes on the trend towards greater automation in manufacturing and other industrial processes. DTA’s products, technology, and capabilities will also expand Enerpac’s solutions offerings in existing vertical markets, including rail, wind, infrastructure, aerospace, and nuclear. For fiscal 2025, DTA is expected to generate approximately
Paul Sternlieb, Enerpac Tool Group Corp. President and CEO, stated, “The addition of DTA’s complementary expertise and on-site horizontal movement products to our product portfolio will allow us to serve a greater portion of customers’ end-to-end activities. Moreover, we can leverage Enerpac’s global sales and operational discipline to create value for our customers and shareholders. We are excited to grow our business through this strategic acquisition and welcome DTA’s leadership and team to the Enerpac family.”
Further information about Enerpac Tool Group’s acquisition of DTA can be found at ir.enerpactoolgroup.com.
About Enerpac Tool Group
Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at www.enerpactoolgroup.com.
About DTA
Founded in 1972 as a family-owned business, DTA specializes in the design and manufacturing of self-propelled transporters for on-site transportation from one to 1,200 tons. Its transporters have been used in sectors such as wind, rail, shipbuilding, automotive, aerospace, steel mill and foundries, the port industry, and others. The company is headquartered in Madrid, Spain and sells into more than 50 countries worldwide. For further information on DTA, visit the company’s website at www.dtaglobalservice.com.
Safe Harbor Statement
Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. In addition to statements with respect to guidance, the terms “outlook,” “guidance,” “may,” “should,” “could,” “anticipate,” “believe,” “estimate,” “expect,” “objective,” “plan,” “project” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements. In addition to the assumptions and other factors referred to specifically in connection with such statements, risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements include, without limitation, general economic uncertainty, market conditions in the industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck and automotive industries, the impact of geopolitical activity, including the invasion of Ukraine by Russia and international sanctions imposed in response thereto, as well as the armed conflict involving Hamas and Israel, the ability of the Company to achieve its plans or objectives related to its growth strategy, market acceptance of existing and new products, market acceptance of price increases, successful integration of acquisitions, the impact of dispositions and restructurings, the ability of the Company to continue to achieve its objectives related to the ASCEND program, including any assumptions underlying its calculation of expected incremental operating profit or program investment, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, risks related to reliance on independent agents and distributors for the distribution and service of products, material, labor, or overhead cost increases, tax law changes, foreign currency risk, interest rate risk, commodity risk, tariffs, litigation matters, impairment of goodwill or other intangible assets, the Company’s ability to access capital markets and other risks and uncertainties that may be referred to or noted in the Company’s reports filed with the Securities and Exchange Commission from time to time, including those described in the Company’s Form 10-K for the fiscal year ended August 31, 2023 and most recent report on Form 10-Q. Enerpac Tool Group disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.
Contact:
Travis Williams
Director of Investor Relations
262.293.1913
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