SIKA TO ACQUIRE LEADING MORTAR COMPANY IN SWEDEN TO ENHANCE NORDIC PRESENCE AND ACCELERATE GROWTH

Core Insights - Sika has agreed to acquire Finja, a leading Swedish mortar manufacturer, to enhance its Nordic presence and accelerate growth [1][4] - The acquisition will provide significant cross-selling opportunities and enable capacity expansion, bringing a wider product offering closer to Nordic customers [1][8] Company Overview - Finja, founded in 1957, is a family-owned company with net sales of approximately CHF 60 million, recognized for its comprehensive range of dry mortars and facade systems [2] - The company operates two efficient manufacturing sites near major economic centers, allowing for fast deliveries and significant capacity expansion [2] Digital Tools and Customer Base - Finja offers digital tools like solution selectors and EPD calculators to enhance project planning and execution efficiency [3] - The company has a strong sales organization serving a diverse customer base, including distributors, contractors, and architects, with a large share of sales through distribution channels [3] Strategic Benefits of Acquisition - The acquisition of Finja, along with the recent acquisition of Marlon in Denmark, will provide Sika with comprehensive coverage of the mortar segment across the Nordics [4] - The transaction is expected to close in the first quarter of 2026, pending regulatory approvals [5] Growth Opportunities - The acquisition will enable Sika to leverage Finja's product range, distribution network, and digital tools to unlock cross-selling potential and customer benefits [6][8] - Finja's expertise in low-carbon mortars and advanced digital tools will enhance Sika's offerings and create opportunities for expansion beyond Sweden [8]