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IT carve-out of Permasteelisa España Donges Group S.A. for Mutares

Today, the product portfolio of the 100% holding of Mutares for a wide range of requirements includes steel structures, roof, and facade solutions, as well as wood products for interior finishing and building cladding. Donges thus serves architects, planners, building developers, general contractors and builders, the public sector as well as craftsmen and processing companies. The Donges Group employs over 1,200 people at 13 production sites in Europe and in sales offices worldwide and generates annualized consolidated sales of around EUR 500 million. Following the latest add-on acquisition (Permasteelisa), Donges is aiming for further growth and consolidation of its very good positioning in the European market. The cornerstones of this strategy are the realization of synergies through the joint processing of the existing customer portfolio and existing sales channels, as well as the development of Northern and Southern European markets in the areas of facade solutions and steel construction.

 

Client: Permasteelisa España Donges Group S.A. – a Mutares holding

  • Seller: Permasteelisa S.p.A., specialized in architectural coatings of glass and steel, ~4100 employees
  • Buyer: Mutares, private equity investor Company name: Permasteelisa España Donges Group S.A.
  • Size: ~97 employees (of which ~42 IT users), ~21m€ turnover
  • Industry: Construction company
  • Headquarters: Getafe, Madrid
  • Location: Spain
“I would like to thank all the IT teams involved in this carve-out project: digatus’, blackbytes’ and Permasteelisa’s IT team. Thank you for your support and coordination in this project to successfully achieve the goals in a timely manner.” Franzisco Montes HR Manager & Project Control, Permasteelisa España Donges Group

Initial situation and challenges

Mid-2021 Mutares considered the takeover of the multinational construction company, specialized in architectural coatings of glass and steel from Permasteelisa S.p.A. in Spain (rebranded to “Permasteelisa España Donges Group S.A.”). digatus, as the exclusive IT advisor for Mutares, conducted the IT due diligence and assisted in negotiations on the Transitional Service Agreement (TSA) in IT/technological topics. When Mutares decided to purchase the company and reached an agreement with Permasteelisa S.p.A., digatus was awarded the contract for consulting and implementation of the IT carve-out. The entire IT had to be carved out of the group as part of the separation. Together with Permasteelisa, a project plan with a total duration of six months was defined for the IT carve-out of the applications as well as for the IT infrastructure. The ERP landscape was migrated casually under the management of Mutares within 12 months. Permasteelisa España is expected to continue to grow after the transaction as part of the Donges Group portfolio as a Mutares investment.

Solution

The IT due diligence successfully identified the scope, costs, and risks of the IT carve-out relevant to the design of the TSA. After signing the transaction, digatus began Day1 preparation to ensure fluent business operations after closing. In the short term, among other things, the ~90 e-mail accounts were converted so that the sold business units could already operate on the market as “Permasteelisa España” from Day1 on. The subsequent IT carve-out encompassed the entire IT landscape, including various CAD and production applications as well as the entire IT infrastructure. digatus successfully completed the IT carve-out together with the local partner blackbytes without any operational disruptions and within the TSA runtime. Scope of the project: Making Permasteelisa España’s IT independent and relocation to a new production building:
  • Migration of the ERP system
  • Separation and optimization of the entire IT infrastructure for ~42 IT users (client, network, hardware, software)
  • Migration of >2 different CAD systems
  • Optimization of existing and negotiation of new contracts with IT service providers
  • Realignment of IT organization and IT strategy
Advised by digatus, Permasteelisa España decided after the carve-out to continue working in partnership with blackbytes, to ensure an efficient transition from carve-out project to standalone operation (Transfer to Operate (TTO)). blackbytes remains strategic IT delivery partner and provides the following services as IT one-stop store for Permasteelisa España, among others:
  • 24/7 IT Operation
  • Cloud & Network Operation
  • Client & Backend Management
  • Service Desk

Customer benefits

digatus provided as single source the IT due diligence, the IT carve-out and the IT operations for Mutares. digatus and Mutares were able to benefit from the joint experience of successfully completed projects in the Permasteelisa España project. Thanks to digatus’ comprehensive IT carve-out expertise and consistent project management, the spin-off and independence of Permasteelisa España was carried out smoothly. Permasteelisa España is now separated from the structures of the former parent company Permasteelisa S.p.A. and operates on the market as part of the Donges Group. The IT applications and infrastructure were modernized in the course of the transition and the processes were aligned with the needs of the new, agile medium-sized company. He has been working in the IT environment for almost 20 years, gaining experience in a wide variety of roles and areas. Through his years of experience as a service manager, he knows the challenges and needs on the customer side. He has been applying this deep understanding and knowledge at digatus for over two years. As a project manager, his main focus is on IT M&A, where he mainly manages carve-out projects.
Christoph Pscherer

Christoph Pscherer
He has been working in the IT environment for almost 20 years, gaining experience in a wide variety of roles and areas. Through his years of experience as a service manager, he knows the challenges and needs on the customer side. He has been applying this deep understanding and knowledge at digatus for over two years. As a project manager, his main focus is on IT M&A, where he mainly manages carve-out projects.

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