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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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