SIKA TO ACQUIRE AKKIM: MARKING A MAJOR STEP IN ACCELERATING GLOBAL EXPANSION IN ADHESIVES AND SEALANTS

Core Insights - Sika has agreed to acquire Akkim, enhancing its position in the global adhesives and sealants market and providing significant growth opportunities through expanded distribution and geographic reach [1][4] Company Overview - Akkim is a family-owned business with net sales of approximately CHF 220 million in 2025, focusing on high-growth markets in Eastern Europe, Central Asia, the Middle East, and North Africa [2] - Sika is a specialty chemicals company with a global presence, generating CHF 11.20 billion in sales in 2025 and employing over 33,000 people [7] Strategic Fit - The acquisition aligns with Sika's Strategy 2028, which emphasizes expanding the adhesives and sealants business and enhancing distribution capabilities [4][6] - Akkim's distribution network will broaden Sika's customer reach and create cross-selling opportunities for complementary products [8] Production Capacity - Akkim operates two efficient production facilities in Turkey and Romania, with plans for an additional site in Turkey to support future growth [3] - The acquisition will enhance Sika's production and export capabilities, establishing a strong operational footprint for adhesives and sealants [8]