Uponor Infra divests it Omega-Liner® business to pipeline renovation specialist

Uponor Corporation        Investor news        15 December 2015    14:00 EET

Uponor Infra divests it Omega-Liner® business to pipeline renovation specialist

Following the strategic adjustment of Uponor Infra´s product portfolio, Uponor has decided to sell its Omega-Liner® pipeline renovation business to the Danish company Per Aarsleff A/S. According to the contract, Per Aarsleff will take over the  entire business related to Omega-Liner®. The deal has no influence on personnel.

“Uponor’s Omega-Liner has unique properties and we wish to ensure a continued market access to the product,” says Sebastian Bondestam, Uponor Infra’s president. “As a market leader and one of the world´s largest companies within the development of trenchless solutions for pipe renewal, I trust that Per Aarsleff will safeguard a continued development and utilisation of Omega-Liner´s unique properties to the benefit of customers as well as users.”

The main markets of Omega-Liner have been in Finland, Denmark and the Baltic countries. The business has an annual turnover of close to €1.5 million.

Tarmo Anttila
Vice President, Communications
Tel. +358 20 129 2852

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Uponor is a leading international provider of plumbing and indoor climate solutions for residential and commercial building markets across Europe and North America. In Northern Europe, Uponor is also a prominent supplier of infrastructure pipe systems. The Group employs approx. 3,800 persons, in 30 countries. In 2014, Uponor's net sales exceeded €1 billion. Uponor Corporation is listed on Nasdaq Helsinki in Finland. www.uponor.com