We are very pleased to welcome Torbjörn to Uniwater. His experience and strategic ability in financial matters make him a perfect addition to the expansive phase we are in.
I am very excited to join Uniwater. Uniwater is in an exciting period with expansion in Europe, among other things. I look forward to contributing to strengthening the group's financial management and driving the group's continued journey for profitable growth.
We are thrilled to welcome Biowater Technology to the Uniwater group. This acquisition aligns with our vision of leveraging specialized technologies and expertise to address water challenges in communities in a global context. Together, we are well-positioned to drive innovation and expand our offerings to a wider customer base.
We are delighted to join Uniwater, a like-minded future focused group with exciting ambitions. With strong new ownership, we are dedicated to developing a valuable organization in Norway that solves future treatment challenges. We look forward to opportunities within the Uniwater family whilst continuing to be a prominent process specialist, technology developer and contractor.
We are happy to welcome 4 pipes and their strong team to the group. They have over the past 12 years built a strong platform in Europe and specifically the DACH-region. This acquisition strengthens us in our mission to deliver water infrastructure solutions securing water and sanitation in communities all over Europe.
The acquisition of Kudsk is an important step in our Nordic expansion. Kudsk has a strong position in the Danish market and contributes to strengthening our specialist expertise in hot tapping and line blocking and the geographical reach of our offering. We are pleased that the team at Kudsk has chosen to become part of Uniwater and we look forward to our future collaboration.
Avvatech's good reputation, stable profitability, and impressive growth make them an ideal addition to our group. This strategic acquisition is an important step for Uniwater's ambitions to grow geographically and strengthen its market presence in water treatment and process expertise.
Lauridsen has a strong customer base, skilled co-workers and a strong offering. They also distinguish themselves through innovation, something that the entire group can benefit from. We see great development opportunities together with Lauridsen.
Leading Lauridsen for almost 30 years has been an incredible journey. It's been a collaborative effort, involving not just the colleagues but also our family. The time is right to hand over the reins, and I'm confident that the company will flourish in its new phase. Selling the business was a collective family decision. Our discussions with Uniwater have been positive, and they've shown great respect towards both us and our colleagues. Moreover, we have a shared vision that we're excited to bring to life together."
Hot tapping and line stopping services are undergoing strong growth in the water and water treatment industry. The acquisition positions us well in order to meet growing demands within the segment, and increase our presence on a wider international stage.
CEO of Tonisco Service, Jalmari Nisso, is looking forward to growing the business as part of the Uniwater group. “Shared values, expertise, and self-driven operators are the building blocks to a successful partnership with Uniwater. Operational synergies make us stronger and help us gain competitive advantage in the industry. Together, we can provide the optimal service, and serve our customers better than ever before.
We have wanted to do this for a long time, and now the time is right - we are going all in and establishing ourselves in Finland. We believe strongly in the Finnish market: the need for investment is great, and there are many similarities with both Sweden and Norway, where we already operate. We are now building on our experience and scaling up together with local staff.