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Implenia AG
M&A Activity • May 5, 2023
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M&A Activity
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News Details
Ad-hoc | 5 May 2023 07:00
Implenia’s acquisition of Wincasa successfully completed
Implenia AG / Key word(s): Takeover
05-May-2023 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Unique, integrated service offering for all clients | Additional, recurring earnings and higher-margin business | Significant growth and synergy potential for Implenia Group | Wincasa as a legally and operationally independent entity within Division Buildings
Glattpark (Opfikon), 5 May 2023 – The acquisition of Wincasa was completed yesterday (closing); the leading Swiss real estate service provider is now part of Implenia with immediate effect. The official approvals have been granted. Implenia and Swiss Prime Site Group signed the purchase agreement for the acquisition of Wincasa on 29 March 2023. Wincasa manages more than 250,000 properties for its clients and holds CHF 81 billion of assets under management.
Unique, integrated service offering for clients
The acquisition expands Implenia’s value chain in the operational phase of properties. A unique offering that covers a properties’ entire life cycle is being created for existing and new clients. The acquisition reinforces the Group’s outstanding position as an integrated construction and real estate service provider. Implenia also expects the acquisition to generate additional recurring income and higher-margin business. This will lead to an increase in earnings per share (EPS) before synergy potential from the first full fiscal year onwards.
Significant growth and synergy potential
The new Wincasa entity brings significant growth potential to the entire Implenia Group as well as mutual revenue synergies from consulting, construction and modernisation projects, for example, and from additional management mandates within the Group. In addition, the digital prop-tech solutions developed by Wincasa will complement Implenia’s ongoing efforts to make the interface with property users as efficient as possible. Last but not least, sustainability has long been a focus for both Implenia and Wincasa: by pooling competencies, Implenia will be able to offer its clients comprehensive expertise in sustainability over the entire property life cycle.
Wincasa as a legally and operationally independent entity of Division Buildings
Wincasa, with approximately 1,350 employees (FTE) working at 33 locations throughout Switzerland, is becoming part of the Implenia Group. Wincasa AG will be managed as a legally and operationally independent entity within Division Buildings. The strong and established Wincasa brand will remain in place. The existing Wincasa management team will seamlessly continue to run the operational business.
Contact for media:
Corporate Communications, T +41 58 474 74 77, [email protected]
Contact for Investors and Analysts:
Investor Relations, T +41 58 474 35 04, [email protected]
Dates for Investors:
16 August 2023: Interim results 2023, Analysts and Media Conference
As Switzerland’s leading construction and real estate service provider, Implenia develops and builds homes, workplaces and infrastructure for future generations in Switzerland and Germany. It also offers tunnelling and related infrastructure projects in further markets. Formed in 2006, the company can look back on around 150 years of construction tradition. The company brings together the know-how of its highly skilled development, planning and execution units under the umbrella of an integrated leading multinational construction and real estate service provider. With its broad offering and the expertise of its specialists, the Group realises large, complex projects and provides client-centric support across the entire life cycle of a building or structure. It focuses on client needs and on striking a sustainable balance between commercial success and social and environmental responsibility. Implenia, with its headquarters in Opfikon near Zurich, employs more than 7,600 people across Europe and posted revenue of CHF 3.6 billion in 2022. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). More information can be found at implenia.com .
End of Inside Information
| Language: | English |
| Company: | Implenia AG |
| Industriestrasse 24 | |
| 8305 Dietlikon | |
| Switzerland | |
| Phone: | +41 58 474 74 74 |
| E-mail: | [email protected] |
| Internet: | www.implenia.com |
| ISIN: | CH0023868554 |
| Valor: | A0JEGJ |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1625187 |
| End of Announcement | EQS News Service |