GARCÍA DE NOVALES has assisted DAGARTECH and its shareholders in the sale of a control package to the Dutch company, belonging to the Turkish group Kazanci.
Our Firm has just completed another M&A project: Valle García de Novales has led the team that has advised Dagar Technologies, S.L. (DAGARTECH), dealing with design, manufacturing and marketing of generator sets, and its owners, in the sale of a majority stake to the Dutch company AKSA Power Generation, BV, belonging to the Turkish group Kazanci, one of the five largest producers of power generation equipment worldwide.
DAGARTECH, with a staff of 49 employees, was created in 2014 by David García Lacalle, who will continue as a partner of the company and will keep his position as CEO. The company expects to have a turnover of 27 million Euros this year, 30% more than in 2022.
AKSA’s entry into DAGARTECH’s share capital will enable both companies to take advantage of synergies and will boost the growth of DAGARTECH, a company that stands out for its international profile. Around 75% of its production is exported, with a stable and continuous presence in some 35 countries, most of them in America, Europe and Africa.