wienerberger completed the acquisition of a majority stake in Slatek.

wienerberger, an Austrian building and infrastructure ecological solutions provider, completed the acquisition of a majority stake in Slatek, a water management automation solutions provider. Financial terms were not disclosed. “The Nordics are an attractive area for investment with high disposable incomes, stable business frameworks and ambitious ESG agendas. With this acquisition, wienerberger remains on track with its value-accretive growth strategy but also makes a valuable contribution to sustainability, when it comes to solutions for water management and water infrastructure and increases the share of system solutions in its portfolio. Additionally, we are expanding our portfolio with innovative digital solutions, which we will first pilot in Northern Europe and gradually implement in additional markets of wienerberger,” Heimo Scheuch, wienerberger CEO.