Sika sells construction machinery business
The building materials group Sika has agreed to sell Aliva Equipment to the Finnish Normet Group Oy. The reason for the sale is that the business with machines is not part of Sika's core business and only accounts for a small part of the group's sales.
The Zug-based building materials group Sika , based in Baar, has agreed to sell its company Aliva Equipment to the Finnish Normet Group Oy . Aliva is a manufacturer of machines and accessories for sprayed concrete and achieved sales of 12 million Swiss francs last year, according to a press release . Since the shotcrete machine business accounts for only a small part of the Group’s sales, Sika has decided to divest it.
The Normet Group is a global supplier of machinery and services in civil engineering. The acquisition gives the group access to Aliva’s global dealer network and strengthens its presence in the Swiss, Austrian and German markets.
“Sika has found the right strategic partner for the Aliva Equipment business in Normet Group. Normet specializes in civil engineering and will invest in the long-term growth of Aliva’s business, people, products and technology. As part of the core business of a global company, new opportunities will open up for the strategic development of Aliva and its employees. For their part, customers can continue to count on first-class machines and reliable support,” Ivo Schädler, Regional Manager for Europe, Middle East and Africa at Sika, is quoted as saying in the press release.