Equistone-backed Andra Tech bags DKH Metaalbewerking

• Andra Tech intends to expand its presence in the Dutch market with this buy 
• Equistone first invested in Andra Tech in March 2021
• London-headquartered Equistone is a European investment firm that invests in mid-market firms 

Andra Tech Group, backed by Equistone Partners, has completed the acquisition of DKH Metaalbewerking (DKH) to further expand its footprint in Europe.

DKH, based in Uden, the Netherlands, is a manufacturer of complex precision mechanical parts and components with a focus on CNC milling and turning. The firm was acquired from founder and CEO, Francois van Hirtum.

This deal makes Andra tech’s second acquisition since Equistone invested in the firm in March 2021. Andra acquired a majority stake in precision metalworking company Mayer Feintechnik in December.

“With DKH, the Andra Tech Group is gaining another strong partner that is extremely well-positioned in its market,” said Hubert van Wolfswinkel, partner at Equistone’s Amsterdam office. “With its high-quality standards and comprehensive technical know-how, DKH reinforces the group’s strong technical capabilities and further boosts its attractiveness to an already broad customer base.”

Equistone’s Hubert van Wolfswinkel, Marc Arens, Philipp Gauss and Josh Aalbers led the transaction.

With this acquisition, Andra Tech will expand its presence in the Dutch market. Andra  now consists of seven companies with around 500 employees.

Andra, headquartered in Oss in the Netherlands, is a manufacturer of “high-tech” precision parts and modules. Its customer base includes the semiconductor market and aerospace, transport, packaging, food, and medical industries.

London-headquartered Equistone is a European investment firm that invests between €50 and €500 million in mid-market companies. It employs over 40 people with offices in Netherlands, Germany, Switzerland, France, and the UK.

The firm was advised by PwC (financial & tax) and Vesper (legal) on the transaction.