Divestment as a logical step
“This divestment is a logical step, following Uponor Infra's previous divestments of machinery company Extron Engineering and Thailand subsidiary in 2015 as well as North America last year. According to its strategy Uponor Infra focuses on its core business in Europe and utilizes the possible synergies with Building Solutions – Europe segment: common distribution channels and strong brand to name a few." comments Sebastian Bondestam, President, Uponor Infra.
EP Industries a.s. (EPI) is a holding company participating through its subsidiaries in various industry sectors, in particular in energy infrastructure development, power machinery, automotive and waste management. Company's consolidated revenues for EPI were 14.6 billion CZK in 2017 and has 5,300 employees. EPI is an affiliated company of EPH Group, a leading Central European energy group that owns and operates assets in Czech Republic, Slovakia, Germany, Italy, UK, Hungary and Poland.
EP Industries aims to strengthen its competence in pre-insulated pipe systems and broaden their offering. This makes Fintherm a great complement to their business portfolio.
Sebastian Bondestam, President, Uponor Infra
Jan-Erik Nordmyr, VP, International, Uponor Infra