M&A Activity • Oct 21, 2024
M&A Activity
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21st October 2024
Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, is pleased to announce, following share purchases of 26.5% on Friday, 18th October 2024, it now has a majority stake (62.6%) in Nordic Waterproofing Holding AB. This is a further significant milestone in the growth of the Group's global Roofing & Waterproofing division. Nordic Waterproofing is a leading provider of waterproofing solutions in Northern Europe with a presence in 10 countries.
This development, together with the recent acquisition of IB Roofing in the US and our existing business, takes the Group's annualised consolidated Roofing & Waterproofing revenues to approximately €1 billion. This is before the impact of our organic expansion in the US which is advancing at pace, and any further acquisition activity.
Lorcan Dowd Company Secretary + 353 (0)42 9698000
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