EQS-News: wienerberger enhances portfolio for water solutions in Northern Europe
EQS-News: wienerberger enhances portfolio for water solutions in Northern Europe
EQS-News: Wienerberger AG / Key word(s): Strategic Company
Decision/Takeover
wienerberger enhances portfolio for water solutions in Northern Europe
07.10.2024 / 10:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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wienerberger enhances portfolio for water solutions in Northern Europe
• With the acquisition of Finnish Slatek OY and Norwegian Tekken AS
wienerberger enhances its presence in the Nordic market for smart
water management and water infrastructure solutions
Vienna, October 07, 2024 – wienerberger, a leading international provider
of innovative, ecological solutions for the entire building envelope, in
the fields of new build and renovation, as well as infrastructure in water
and energy management, announces two successful acquisitions in Northern
Europe: a majority stake in Slatek OY, a key player in smart automation
solutions for water utilities in Finland, and the complete takeover of
Tekken AS, a leading supplier of pumping stations, prefabricated PE
products and related services in Norway. These companies will add roughly
€ 10 million in revenue to wienerberger’s business.
Value-accretive acquisitions strengthen the portfolio
Heimo Scheuch, CEO of wienerberger, says: “The Nordics are an attractive
area for investment with high disposable incomes, stable business
frameworks and ambitious ESG agendas. With these two acquisitions,
wienerberger remains on track with its value-accretive growth strategy but
also makes a valuable contribution to sustainability, when it comes to
solutions for water management and water infrastructure and increases the
share of system solutions in its portfolio. Additionally, we are expanding
our portfolio with innovative digital solutions, which we will first pilot
in Northern Europe and gradually implement in additional markets of
wienerberger.”
Slatek is a family-owned company headquartered in Oulu, Northern Finland,
and is positioned as a reliable high-end provider for smart automation
solutions with a strong reputation in the industry. Since the 1980s,
Slatek has provided operational automation solutions for water utilities
in Finland, within both water and sewage. Its full-service automation
project deliveries for water utilities comprise amongst others: design,
electric engineering, cabinet assembly, software programming as well as
modernization and testing of solutions for new installations such as
treatment plants, booster and pumping stations. The acquisition of Slatek
will significantly strengthen wienerberger’s foothold in the attractive
segment for public water management in Finland, and – due to its
complementary portfolio – unlock cross-selling synergies with
wienerberger’s platform for smart solutions.
Through the acquisition of Tekken, wienerberger further develops and
expands its position in the segment for pumping station solutions in
Norway. The company is active in the field of prefabricated as well as
custom-built pumping stations, prefabricated water assets made of PE
(chambers, sludge separators, tank solutions) and service. This portfolio
addition provides strategic synergies by enabling wienerberger’s ambition
to grow its footprint as a solution provider in the water infrastructure
segment. Furthermore, Tekken’s offering is highly complementary to
wienerberger’s existing business with pumping stations, which the company
entered through the acquisition of QPS in 2022. Bringing two strong teams
together will facilitate accelerated growth and enhanced service levels
for customers.
Details of the transaction
The transactions were successfully closed at the beginning of October
2024. The contracting parties agreed not to disclose the respective
purchase prices.
wienerberger
wienerberger is a leading international provider of innovative, ecological
solutions for the entire building envelope, in the fields of new build and
renovation, as well as infrastructure in water and energy management. With
more than 20,000 employees worldwide, wienerberger’s solutions enable
energy-efficient, healthy, climate-friendly, and affordable living.
wienerberger is the world’s largest producer of bricks and the market
leader in clay roof tiles in Europe as well as concrete pavers in Eastern
Europe. In pipe systems (ceramic and plastic pipes), the company is one of
the leading suppliers in Europe and a leading supplier of facade products
in North America. At the beginning of 2024, wienerberger successfully
completed the acquisition of Terreal, becoming the leading European
provider of innovative all-in roofing and solar solutions, as well as
solutions for the entire building envelope in Europe and North America.
With its more than 200 production sites, wienerberger generated revenues
of approx. € 4.2 billion and an operating EBITDA of € 811 million in
2023.
For further information, please contact:
Claudia Hajdinyak, Head of Corporate Communications Wienerberger AG
t +43 664 828 31 83 | claudia.hajdinyak@wienerberger.com
Therese Jandér, Senior Vice President Investor Relations Wienerberger AG
t +43 1 601 92 – 10221 | investor@wienerberger.com
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07.10.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Wienerberger AG
Wienerbergerplatz 1
1100 Wien
Austria
Phone: +43 1 60 192-0
Fax: +43 1 60 192-10159
E-mail: investor@wienerberger.com
Internet: www.wienerberger.com
ISIN: AT0000831706
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2002389
End of News EQS News Service
2002389 07.10.2024 CET/CEST
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