DEEN
Development of a diversified group of companies
€5.6mn
Equity investment
€41mn
Revenue 2016
210
Employees 2016

KEY FACTS AT A GLANCE

  • Services portfolio extended to industries not yet served
  • 2016 revenue above budget
  • Good level of orders

PLANT SYSTEMS & SERVICES PSS GMBH

Investment by
DBAG ECF

€5.6MN

thereof DBAG

€2.3MN

Expansion capital investment
Shareholders:
DBAG ECF

49.0%

thereof DBAG

20.5%

other shareholders

51.0%

First invested

NOVEMBER 2012

REVENUES in €mn

 

33

 

2014

 

37

 

2015

 

41

 

2016

As of 30 June 2017

Industrial services are a growth market – especially for companies able to act as a one-stop provider of industrial services and project management. This is a sector that creates excellent investment opportunities.

GUSTAV EGGER
MANAGING DIRECTOR

SERVICES TO THE ENERGY AND PROCESS INDUSTRIES

Plant Systems & Services PSS GmbH (PSS) is the nucleus for a group of specialised companies that provide services for the energy and process industries, such as for power plants and chemical companies. The group provides a broad range of services along the client industries’ entire output chain. Currently, the group is composed of three companies: ETABO GmbH, headquartered in Bochum, Germany, boasts more than 40 years of experience in construction and maintenance of pipework for power plants and industrial sites in Germany. Two smaller companies were acquired in December 2012. They specialise in installing piping in storage tanks and in providing maintenance for entire tank farms.

POTENTIAL FOR DEVELOPMENT

By investing in PSS, Deutsche Beteiligungs AG intends to participate in the growth of the group companies’ end markets. Factors driving that growth include the age of existing power plants, plans to decommission power plants, and the general trend toward outsourcing industrial services to external specialists. Similar opportunities for the provision of services exist in the oil and chemical industries, which are faced with ever more stringent safety requirements.

STRATEGY

PSS’ strategic concept is aimed at creating a larger group of services companies in the coming years through a buy-and-build strategy. The group will be positioned cross-regionally and provide a broad range of services along client industries’ entire output chain. It will combine the advantages of mid-sized corporate structures with engineering and systems expertise and have the financing capabilities of a holding company. DBAG also expects that PSS will significantly expand its business offering by enlarging its product and services range.

Responsible team member

Gustav Egger
Gustav Egger

Managing Director

Gustav Egger
Name:
Gustav Egger
Investment focus:
Expansion capital investment
Telephone:
+49 69 95787-300
E-Mail:

Gustav Egger

Managing Director

Gustav Egger joined Deutsche Beteiligungs AG in 1989 and has been a Managing Director since 1992.

After receiving his degree in Engineering Management with a major in Mechanical Engineering from the University of Berlin, he spent six years at Deutsche Bank focusing on the financing of large-scale international projects in infrastructure and the commodity sector as well as US-based cogeneration power plants.

His career at DBAG started in 1989 as an Investment Manager for 14 portfolio companies in a variety of sectors and he invested in the first privatisations after Germany's reunification. From 1992, as head of Central Investment Controlling, he organised and installed the risk monitoring processes for more than 120 portfolio companies spread over ten DBAG branch offices. In this position, he was also a member of the DBAG Investment Committee. From 1995, in his role as CFO, he additionally took on responsibility for Finance and Accounting. Along with DBAG's independence from Deutsche Bank which commenced in 1997, he negotiated the entry of new handpicked anchor shareholders and investors. Linked to that was the establishment of capital market communications and the first corporate actions. To accelerate DBAG's independence, he organised the placement of DBAG's first closed-end buyout fund for international investors. Subsequent to the successful fund-raising for DBAG Fund V and DBAG Expansion Capital Fund, he retired from his role as CFO and has since focused on the development of the expansion capital business. In that capacity, he is currently monitoring and supporting the portfolio companies in the telecommunications, information technology and media sectors.

Current portfolio companies

DNS:NET Internet Service GmbH Inexio KGaA Plant Systems & Services PSS GmbH

Former portfolio companies

Gustav Egger

Managing Director

+49 69 95787-300
gustav.egger@dbag.de