Sika has announced that it is acquiring Bitbau Dorr, a leading waterproofing system manufacturer, headquartered in Innsbruck, Austria. The transaction is subject to approval by the Austrian competition authority.
The product portfolio includes complete waterproofing systems for roofs, buildings and civil engineering application.
The acquisition will allow Sika to expand its product portfolio, with both companies benefiting from the growth opportunities facilitated by expanded distribution channels and a broader customer base. Sika will be able to offer its customers a wider range of durable, high-grade waterproofing systems based on polymer-modified bitumen membranes in the future.
Paul Schuler, Regional Manager EMEA: “Thanks to our acquisition of the leading Austrian manufacturer of bitumen-based construction products and complete waterproofing solutions, Sika's customers will benefit from a broader choice of products. On account of its central location, highly skilled research and development unit, and expandable production capacity, Sika will establish the new site as its Central European centre of excellence for bitumen waterproofing systems. We would like to welcome all Bitbau Dörr employees to Sika and look forward to working together in expanding our joint business operations."
Read the article online at: https://www.worldcement.com/europe-cis/11012017/sika-to-acquire-bitbau-dorr/