Nordic Waterproofing acquires the Finnish roofing company LA-Kattohuolto
Nordic Waterproofing Holding A/S (STO: NWG.ST) has today acquired 100 percent of the shares in the Finnish roof service and maintenance company LA-Kattohuolto Oy.
LA-Kattohuolto Oy, established in 2010, is specialized in roof maintenance and coating of private houses. It is located in Muurame, near Jyväskylä in central Finland, with operations in nine locations, of which five are operated by franchisees.
The company has annual sales of about SEK 20 million to its two main customer segments, corporate and consumer. The current management team and their colleagues will continue to contribute with their broad experience, original service concept and an established franchise setup.
“LA-Kattohuolto will strengthen our offering in locations where our Group has previously been less visible”, said Martin Ellis, CEO of Nordic Waterproofing. “In combination with our operations in KerabitPro and AL-Katot we will expand our current roofing and service and maintenance offering to professional customers in the corporate segment where the demand for roof services is growing. We are pleased to welcome our new colleagues in Finland to the Nordic Waterproofing Group.”
LA-Kattohuolto will be integrated in the Installation Services segment, and consolidated into Nordic Waterproofing’s accounts effective from 1 May 2017.
This information was submitted for publication, through the contact person set out below, at 1.00 p.m. CET on 28 April 2017.
For further information, please contact:
Anders Antonsson, investor relations
Telephone: 46 709 99 49 70
E-mail: anders.antonsson@nordicwaterproofing.com
Nordic Waterproofing is one of the leading providers in the waterproofing market in northern Europe. The Company provides high-quality products and solutions for waterproofing in Sweden, Finland, Denmark, Norway, Belgium, the Netherlands, Poland, the United Kingdom and Germany. Nordic Waterproofing also provides installation services through wholly-owned subsidiaries in Finland, and through part-owned franchise companies in Denmark. The Company markets its products and solutions under nine brands, all with an extensive heritage, most of which are among the most established and well-recognized brands in waterproofing in their respective markets, such as Mataki, Trebolit, Phønix Tag Materialer, Kerabit, Nortett and SealEco. Nordic Waterproofing is listed in the Mid Cap segment on Nasdaq Stockholm with the stock ticker NWG.
Tags:
