Sika AG Completes Acquisition of Bitbau Dörr

Sika acquires Bitbau Dörr GmbH to increase its geographical coverage and widen the product portfolio for waterproofing systems

Austria: Sika AG, a Switzerland based specialty chemical manufacturer and supplier that delivers products for bonding, sealing, damping, reinforcing, and protecting in the construction sector, has acquired Bitbau Dörr GmbH, an Austria based waterproofing system manufacturer. The acquired product portfolio includes comprehensive waterproofing systems for roofs, buildings, and civil engineering applications. Post-acquisition, Sika AG would have control over the warehouse and production facilities of Bitbau Dörr, located at Innsbruck, Austria. Furthermore, Sika AG would operate the three distribution sites in Vienna, Graz and Linz which were managed by Bitbau Dörr prior to the acquisition.

TechSci Research depicts that the successful acquisition of Bitbau Dörr GmbH by Sika AG would help latter in expanding its product portfolio related to waterproofing systems. Additionally, the acquisition would increase the customer base and would provide an improved distribution channel to Sika AG which would subsequently help the acquirer company in addressing the demand of its customers in an efficient manner. The acquisition would enhance the brand image and brand equity of Sika AG across the globe, particularly, in developing region such Asia- pacific and Middle East & Africa.

According to the recently published report by TechSci Research, “GCC Construction Chemicals Market By Type (Concrete Admixtures, Waterproofing, Protective Coatings, Adhesives, etc.), By End User, Competition Forecast and Opportunities, 2011 – 2021 – Saudi Arabia, UAE, Qatar, Kuwait, Oman & Bahrain”, global the construction chemicals market in the GCC countries is projected to grow at a CAGR of over 7% during 2016 - 2021, due to rising government spending on construction projects coupled with increasing participation by private players in the real estate sector. Additionally, growing demand for modern residential complexes and commercial structures is expected to drive demand for construction chemicals in the GCC countries through 2021. Further, increasing need for economic diversification and reducing dependence on oil reserves is prompting majority of the countries in the region to increase expenditure on construction and infrastructure activities.