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Kingspan Group Plc — M&A Activity 2024
Oct 21, 2024
1958_rns_2024-10-21_6833009b-95ed-4325-8a88-019e5e111bc9.pdf
M&A Activity
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Kingspan Group plc
21st October 2024
Kingspan Group plc ("Kingspan") announces majority stake in Nordic Waterproofing
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