Wienerberger Strengthens Nordic Presence with Strategic Acquisitions of Slatek OY and Tekken AS in Water Solutions

Wienerberger Strengthens Nordic Presence with Strategic Acquisitions of Slatek OY and Tekken AS in Water Solutions

(IN BRIEF) Wienerberger has announced its expansion into the Nordic market with the acquisition of Finnish company Slatek OY and Norwegian firm Tekken AS. This move aims to enhance its portfolio in smart water management and infrastructure solutions, adding approximately €10 million in revenue. CEO Heimo Scheuch emphasized the strategic significance of these acquisitions, stating they align with the company’s growth strategy while promoting sustainability in water management. Slatek is recognized for its advanced automation solutions for water utilities, while Tekken specializes in pumping station solutions and prefabricated water assets. The transactions were successfully completed in early October 2024, although financial details were not disclosed.

(PRESS RELEASE) VIENNA, 8-Oct-2024 — /EuropaWire/ — On October 7, 2024, Wienerberger, a prominent provider of innovative and ecological solutions for the construction industry, announced its strategic expansion in the Nordic market by acquiring Finnish Slatek OY and Norwegian Tekken AS. These acquisitions will significantly enhance Wienerberger’s offerings in smart water management and infrastructure solutions, contributing approximately €10 million in revenue to its operations.

Heimo Scheuch, CEO of Wienerberger, stated, “The Nordic region presents an attractive investment landscape, characterized by high disposable incomes, stable business environments, and ambitious ESG commitments. With these acquisitions, Wienerberger is advancing its value-driven growth strategy while simultaneously making meaningful contributions to sustainability in water management and infrastructure. We are also integrating innovative digital solutions that will first be piloted in Northern Europe before a broader rollout in additional markets.”

Slatek OY, a family-owned business based in Oulu, Finland, is recognized for its premium smart automation solutions for water utilities, boasting a strong reputation in the sector since the 1980s. Their full-service offerings include operational automation, design, electrical engineering, cabinet assembly, and software programming for both water and sewage utilities. This acquisition will significantly enhance Wienerberger’s presence in the public water management sector in Finland, unlocking potential cross-selling opportunities with its smart solutions platform.

Meanwhile, the acquisition of Tekken AS bolsters Wienerberger’s position in Norway’s pumping station solutions segment. Tekken specializes in both prefabricated and custom-built pumping stations, as well as prefabricated water assets like PE chambers, sludge separators, and tank solutions. This move aligns with Wienerberger’s goal of expanding its footprint as a comprehensive solution provider in the water infrastructure market, further complementing its existing offerings from the QPS acquisition in 2022. The integration of the two teams is expected to accelerate growth and enhance customer service.

The transactions were finalized at the beginning of October 2024, with the purchase prices remaining confidential.

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.

Media Contacts:

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

SOURCE: Wienerberger AG