04.05.2023

World Tunnel Congress WTC 2023 starts next Week

Market-Place-4.0 Sika AG MBCC Group

03.05.2023

Sika Successfully Closes MBCC Acquisition - Strengthens Position as Sustainability Champion in the Global Construction Industry

Sika Successfully Closes MBCC Acquisition - Strengthens Position as Sustainability Champion in the Global Construction Industry (Credits: Sika)

Sika has completed the acquisition of MBCC Group after having received all necessary regulatory approvals. With this highly complementary transaction, Sika strengthens its footprint across all regions, reinforces its range of products and services across the entire construction life cycle and drives the sustainable transformation of the construction industry further and faster.

MBCC Group, headquartered in Mannheim, Germany, and formerly owned by an affiliate of Lone Star Funds, is active in the field of construction systems and admixture systems. To close the transaction and to comply with regulatory requirements, Sika sold MBCC Group’s chemical admixtures assets in the UK, the USA, Canada, Europe, Australia, and New Zealand to the international private equity firm Cinven. The business now acquired by Sika generated sales of CHF 2.1 billion in 2022, employs 6,200 people and operates in over 60 countries and 95 production facilities.

Thomas Hasler, CEO: "Today is a historic day for Sika. We are delighted to welcome the MBCC employees to the Sika family. We embark on our exciting journey and will continue to drive Sika’s growth story. Thanks to our extensive experience in integrating companies, we will successfully bring Sika and MBCC together and combine our strengths to create the new reference in the construction chemicals industry. Together we will deliver worldclass performance for our customers and develop innovative, sustainable solutions."

After the successful closing, Sika’s sustainable product portfolio will be further enhanced with MBCC’s innovative technologies. Sika will offer a wide and comprehensive range of solutions to enable the sustainable transformation of the construction industry and help customers reduce their carbon footprint.

With this transaction, Sika strengthens its growth platform by broadening its product and solution offerings in four of five core technologies and seven of eight Sika Target Markets. Customers will benefit from an enhanced and more efficient distribution network across all construction markets. Sika expects to generate annual synergies in the range of CHF 160 – 180 million by 2026. The combined Group is set to reach sales in excess of CHF 12 billion in 2023.

Source: Sika

#mergers and acquisitions #construction materials #construction chemicals #concrete #concrete protection #concrete admixtures #construction industry #bridge construction #CO2-reduction #carbon footprint #sustainability #Sika AG #MBCC Group #Tunnelling

                     

01.05.2023

CIFA takes its ninety-five years of history to SaMoTer

How is it possible to relate almost a century of Made in Italy innovation? With technology for the future: electric and sustainable for the environment and for the people. CIFA will be at Samoter 2023 (area F stands 21-24) while celebrating its 95th anniversary.  

28.04.2023

Fugro’s Blue Essence completes world’s first fully remote offshore wind ROV inspection

The world’s first fully remote inspection of offshore wind farm assets has been successfully carried out by Fugro, using one of its Blue Essence® uncrewed surface vessels (USVs) with Blue Volta®, an electrical remotely operated vehicle (eROV). The inspection at the Aberdeen offshore wind farm in the North Sea (also known as the European Offshore Wind Deployment Centre) was jointly funded by Vattenfall and Offshore Renewable Energy (ORE) Catapult. This partnership gives innovators in the offshore wind supply chain the opportunity to test and prove technologies in real-world conditions to support innovation in operations and maintenance.  

27.04.2023

Lane (Webuild) jv named preferred team to upgrade Tampa’s Westshore Interchange project in Florida, U.S.A.

• Lane records €809 mln in new orders, acquired or to be finalised so far this year
• Lane’s order backlog reaches more than €3 bln

Lane, the U.S. subsidiary of the Webuild Group, and its joint-venture partner have been named preferred team in exclusivity for a project to modernise the Westshore Interchange (I-275/SR 60) in Tampa, Florida, a multi-year effort whose combined value is to total $1 billion (€943 million). The joint-venture, in which Lane has a 50% stake, has already signed a $10-million (€9.4 million) contract with the Florida Department of Transportation for the planning phase of the project.