Wavin takes step in consolidating Swedish market

Wavin, Europe’s leading supplier of plastic pipe systems and solutions, today announces that it has entered into an agreement with KWH Sweden to acquire its PE Water business for below ground applications, with an annual revenue of approx EUR 10 million.

Wavin CEO Henk ten Hove comments: “This acquisition will put us into the clear number 2 position in Civils & Infrastructure in Sweden and strengthen Wavin’s product offering in Sweden and Norway.“

Wavin takes over staff (total approx 30 FTE’s) and assets of the PE Water business of KWH, located in Boras, near Göteborg. Wavin Sweden, based in Eskilstuna, employs approx. 85 people and is mainly active in Civils & Infrastructure. Financial details of the transaction will not be disclosed.