Dynasafe Buys Mine Clearing Company MineTech
The buyer also removes unexploded devices
Dynasafe Area Clearance Group has purchased MineTech International, which provides land mine clearance and explosive ordnance disposal, for an undisclosed amount.
Gloucester, England-based MineTech works to clear explosive remnants, often from wars, so land can be redeveloped for humanitarian and commercial purposes. The company is currently working in Iraq, Afghanistan, Kuwait and South Sudan and trains dogs to help clear the explosives.
Dynasafe, a portfolio company of hedge fund Perusa Partners, specializes in the removal and management of unexploded devices and other hazardous materials. It is headquartered in Karlskoga, Sweden.
Livingstone Partners arranged the deal, while Faegre Baker Daniels LLP handled legal matters for Perusa. Ernst & Young also advised Perusa.
Pinsent Masons and Jeff Soal & Associates provided legal advice to MineTech’s shareholders.
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