Börse Express - EQS - News : wienerberger enhances portfolio for water solutions in Northern Europe
Wienerberger AG, a leading international provider of ecological solutions for building envelopes and infrastructure in water and energy management, announces the acquisition of Finnish Slatek OY and Norwegian Tekken AS to enhance its portfolio for water solutions in Northern Europe. The acquisitions, expected to add roughly €10 million in revenue, will strengthen Wienerberger s position in the Nordic market for smart water management and water infrastructure solutions. Slatek OY, a family-owned company specializing in smart automation solutions for water utilities in Finland, will bolster Wienerberger s foothold in the attractive public water management segment. Tekken AS, a leading supplier of pumping stations and related services in Norway, will expand Wienerberger s offerings in the pumping station solutions market. The CEO of Wienerberger, Heimo Scheuch, highlights the attractiveness of the Nordics for investment, with high disposable incomes, stable business frameworks, and ambitious ESG agendas. The acquisitions align with Wienerberger s value-accretive growth strategy and contribute to sustainability by providing innovative digital solutions for water management. The transactions were successfully closed in October 2024, with the contracting parties agreeing not to disclose the respective purchase prices. For further information, contact Claudia Hajdinyak, Head of Corporate Communications, or Therese Jandér, Senior Vice President Investor Relations at Wienerberger AG. Distributed by EQS Group AG, this corporate news was published on October 7, 2024, and can be found on the Wienerberger website. <|end|>
Source: boerse-express.comPublished on 2024-10-07
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