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Im Artikel erwähnte Wertpapiere: Wienerberger I
EQS-Ad-hoc: Wienerberger AG / Key word(s): Acquisition
Wienerberger intends to acquire significant part of Terreal Group's business
Vienna, December 20, 2022. Wienerberger AG, a leading international provider of building material and infrastructure solutions, announces that it has signed today an agreement to acquire the Terreal businesses located in France, Italy, Spain and the USA as well as the Creaton business in Germany and has entered into exclusive negotiations in this respect. The Terreal businesses located in Austria, Poland and Hungary will not be part of the transaction.
The Terreal businesses to be acquired by Wienerberger are expected to generate revenues of € 740 million and a run-rate EBITDA of approx. € 100 million in 2022. Wienerberger expects to increase such EBITDA by implementing Operational Excellence, cost synergies and cross selling to up to € 150 million within three years after closing. The enterprise value of the respective Terreal businesses amounts to € 600 million subject due to customary adjustments at closing and potential antitrust requirements.
Terreal is a successful European supplier of innovative roofing and solar solutions with the group`s corporate seat in Suresnes, France. In the businesses to be acquired, Terreal currently operates29 manufacturing sites in 6 countries and employs ~3,000 people.
The intended acquisition marks a significant step in Wienerberger’s value-driven growth strategy. Closing is expected to occur end of 2023 / beginning of 2024, subject to merger-control clearance and satisfaction of other market standard closing conditions. The transaction will be financed from Wienerberger's existing cash, new debt facilities and Wienerberger AG treasury shares.
20-Dec-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
|Phone:||+43 1 60 192-0|
|Fax:||+43 1 60 192-10159|
|Listed:||Vienna Stock Exchange (Official Market)|
|EQS News ID:||1516997|
|End of Announcement||EQS News Service|
1516997 20-Dec-2022 CET/CEST