Report
Wim Lewi

Aalberts Add-on acquisition in the US highlights “thrive 2030” strategy

Aalberts announced the acquisition of Paulo Products Company (Paulo). Paulo is the largest privately owned thermal processing platform in North America, providing heat treatment, brazing, and metal finishing solutions for industries such as automotive, aerospace, defence, and power generation. It operates five facilities in the US and 1 in Mexico with 105m USD in sales and 522 employees. This acquisition will enhance Aalberts' existing capabilities in these sectors. It will also strengthen Aalberts' geographical footprint in the US and Mexico with shorter lead times. This move is part of Aalberts' 'thrive 2030' strategy, which focuses on expanding their presence and capabilities in key markets. The transaction is expected to be finalised in 2Q25. The acquisition will directly contribute to EPS and financed from existing credit lines. We like this add-on acquisition in the Industrial segment that confirms the strategy laid out at the recent CMD.
Underlying
Aalberts N.V.

Aalberts Industries is a technology company. As of Dec 31 2015, Co. is organized into four businesses: building installations, which produces and sells connection systems and valves to distribute and control water or gas in heating, cooling, drinking water, gas and sprinkler installations in residential, commercial and industrial buildings; climate control, which develops and produces complete hydronic systems-from source to emitter- for heating and cooling systems; industrial controls, which develops and produces regulation and control systems for selected niche markets; and industrial services, which provides a combination of material technology know-how and manufacturing capabilities.

Provider
KBC Securities
KBC Securities

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Analysts
Wim Lewi

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