Uponor closes the German acquisitions

Uponor Corporation    Investor news        4 January 2016  15.00 EET

Uponor closes the German acquisitions

Uponor Holding GmbH has today closed the acquisition of all of the shares in two German companies, Delta Systemtechnik GmbH and the KaMo Group, as announced on 30 November. The German Federal Cartel Office gave its approval in early December, and the parties concluded the deal today.

The acquisition is aimed at broadening the portfolio and competence of Uponor’s Building Solutions – Europe segment in the increasingly significant hygienic drinking water delivery sector.

In 2104, Delta and KaMo combined generated a total turnover of €32.8 million and employed 119 employees.

Delta Systemtechnik produces fresh water units for central domestic hot water systems as well as heating transfer stations and components for hot water and heating systems. KaMo develops and distributes systems for local and central heating and domestic hot water preparation.


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

DISTRIBUTION:
Nasdaq Helsinki
Media
www.uponor.com


Uponor is a leading international systems and solutions provider for safe drinking water delivery, energy-efficient radiant heating and cooling and reliable infrastructure. The company serves a variety of building markets including residential, commercial, industrial and civil engineering. Uponor employs about 3,800 employees in 30 countries, mainly in Europe and North America. In 2014, Uponor's net sales exceeded €1 billion. Uponor is based in Finland and listed on Nasdaq Helsinki. www.uponor.com