Sika Acquires Iotech Group
Liquid membranes are well established in the global roofing and waterproofing markets. The membranes are supplied mainly to the highly profitable and crisis-resistant refurbishment market for small to medium-sized roofs. The global liquid membrane market is fragmented, and is served only by regional or local suppliers. Market growth is disproportionately high, outperforming the construction market as a whole.
The parties have agreed not to disclose the sales price. Approximately 250 employees are expected to join Sika.
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