Normet has entered into an agreement with Sika to acquire its Aliva Equipment business assets. With the acquisition, Normet supports its growth strategy by strengthening its offering in sprayed concrete processes.
“With this acquisition we welcome the prestigious Aliva brand and employees to Normet. We look forward to working together in bringing more comprehensive solutions and services to our combined customer base and strengthening our presence in Central Europe”, comments Ed Santamaria, President and CEO of Normet.
“With Normet Group, Sika has found the right strategic owner for the Aliva Equipment business. Normet is specialised in underground construction and will expand investments in the long-term development of the Aliva business, its people, products, and technologies. Being a part of the core business of a global company will open up new opportunities for the strategic development of Aliva and its employees. Customers can continue to rely on the availability of high-quality equipment and support in the future”, comments Ivo Schädler, Regional Manager, EMEA of Sika Group.
Founded in 1946, and transferred to the ownership of Sika AG in 1989, Aliva Equipment is one of the world’s leading manufacturers of equipment and accessories for the application of sprayed concrete. In addition to classic underground construction, Aliva machines are also used in special civil engineering, on tunnel boring machines and for the application of refractory material in the steel industry. Aliva Equipment’s main operations are in Widen, Switzerland with operations also in Lüdinghausen, Germany and have 50 employees.
Aliva Equipment will be acquired as an asset deal and it will continue to operate under its Aliva brand name from its current locations. The parties have agreed not to disclose any financial details related to the transaction.
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