Sekisui Chemical Aquires Austrian Pipe Rehabilitation Company
January 26, 2012Sekisui Chemical Co. Ltd. has recently acquired 75 percent of the shares in Rabmer Holding GmbH, Austria’s largest pipe rehabilitation company.
According a press release, by acquiring Rabmer, which has many bases in Eastern Europe, Sekisui Chemical aims to expand its pipe rehabilitation business in the Eastern European infrastructure markets, which have shown remarkable growth, and to further evolve the value chain business.
In Europe, Sekisui Chemical purchased the pipe rehabilitation company Chevalier Pipe Technologies GmbH (now called SEKISUI SPR EUROPE,GmbH) in July 2008 to establish a base for its pipe rehabilitation business.
In Eastern Europe, financial support such as EU funding for infrastructure formation in the new EU member states have proved a tailwind in the continuing rapid expansion of the pipe rehabilitation business, and so the acquisition of a share in Eastern Europe became our urgent business.
Sekisui Chemical has striven to expand sales by cooperating with installation partners in all areas of the Eastern European market, but for further sales expansion, the assurance of our own Sekisui Chemical bases in Eastern Europe became indispensable.