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. 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.