DGAP-News: Wacker Neuson SE / Critical word(s): Takeover
14.03.2022 / 10:30
The issuer is exclusively dependable for the written content of this announcement.
Wacker Neuson strengthens its concrete know-how small business by Enar Team acquisition
Munich, March 14, 2022 – The Wacker Neuson Team, a major company of light and compact equipment, has attained an settlement with the the vast majority homeowners of Spanish Enarco S.A. to acquire up to 100 per cent of the Enar Team. Enar is a producer of light-weight development machines specialised in concrete compaction. Alongside a vast vary of interior vibrators for concrete, the firm’s product or service portfolio also addresses vibratory plates, rammers and stroll-powering rollers for soil and asphalt compaction. The aim of the new alliance is to even further bolster the Wacker Neuson Group’s current market posture and extend its global get to, significantly in the area of concrete technology.
“With the acquisition of the Enar Team, we have uncovered the suitable way to grow our supplying in the speedily rising concrete engineering sector. Enar merchandise are excellently positioned and the business has recognized solid market place entry, developing really promising alternatives for our Group,” outlines Alexander Greschner, Main Revenue Officer of the Wacker Neuson Group.
Enar is a top organization in its sector with a significantly robust presence on the European and Latin American markets. The corporation operates on a world wide scale, creating gross sales of approximately EUR 22 million in 2021. Enar manufactures its products and solutions in the Spanish city of Zaragoza and employs all over 130 men and women.
“We are delighted to have received a powerful spouse in Wacker Neuson, opening up outstanding prolonged-time period potential clients for our corporation and the Enar manufacturer. I am persuaded that the merger will give our staff the finest attainable development chances and that we – with each other with Wacker Neuson – will be even much better put to satisfy our customers’ requires as we go forward,” states Jose Luis del Prim Imaz, Main Executive Officer of Enarco S.A.
Given Enar’s balanced sector placement and the substantial level of buyer acceptance for its items, Wacker Neuson will control Enar as an independent model. “Concrete technological know-how has often been one particular of the Wacker Neuson Group’s main competencies. This acquisition will fortify this line of business enterprise and give us obtain to new buyer segments. Enar distributes its merchandise by way of profits channels that are not the target of our Wacker Neuson brand, so this is a earn-earn for both events,” adds Greschner.
Topic to regulatory acceptance and the completion of the acquisition of all shares from specific shareholders up to a selected threshold by the Wacker Neuson Group, the transaction is expected to be shut in the first half of 2022. The purchase value is prepared to be settled in dollars and treasury shares.
Contact:
Christopher Helmreich
Head of Investor Relations & Corporate Communications
Wacker Neuson SE
Preussenstrasse 41
80809 Munich, Germany
Tel.: +49 – ()89 – 354 02 – 427
[email protected]
www.wackerneusongroup.com
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