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from Wolftank-Adisa Holding AG (isin : AT0000A25NJ6)

Wolftank Group completes acquisition of majority stake in Petroltecnica

EQS-News: Wolftank-Adisa Holding AG / Key word(s): Takeover/Expansion
Wolftank Group completes acquisition of majority stake in Petroltecnica

16.10.2023 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Press release                                                                                      Innsbruck, 16 October 2023 

Wolftank Group completes acquisition of majority stake in Petroltecnica

Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6), specialized in renewable energy and environmental remediation technologies, has completed the announced acquisition of the Italian environmental services provider Petroltecnica SpA. The closing of the transaction took place on Friday. The purchase price for an additional 40 percent and one share amounts to EUR 4 million. Since July 2020, Wolftank Group held a ten percent stake in Petroltecnica, as well as positions on the Supervisory Board and Management Board, and had the option to increase its stake to a majority.

With annual sales of EUR 28.9 million (2022), Petroltecnica is firmly established in the Italian market as a specialist in environmental remediation in the industrial sectors of oil and gas, chemicals and manufacturing and operates several recycling plants. The consolidation of the new subsidiary will further strengthen the Wolftank Group's balance sheet and expand the base for future growth. The combination of Wolftank's and Petroltecnica's competencies and capacities consolidates the leading market position in Italy and opens up new market opportunities.

"With this acquisition, we are setting a next milestone in our growth strategy and further strengthening our position in the environmental sector. Together, we are a leading player in the Italian market and are now able to offer our customers an even more comprehensive and powerful portfolio," said Peter Werth, CEO of Wolftank Group, on the transaction.

The strategic direction and capabilities of Wolftank and Petroltecnica complement each other perfectly. They will not only increase operational efficiency, but also help to further drive innovative solutions and services in the environmental sector. Wolftank Group thus reaffirms its commitment to providing fit-for-future and sustainable environmental solutions.


About Wolftank Group
Wolftank Group is a leading technology partner for energy and environmental solutions operating worldwide. In the field of energy mobility and logistics, the Group supports customers in more than 20 countries to implement projects in an efficient and environmentally friendly way. For this, it develops and implements tomorrow's technologies to decarbonize transport and build the infrastructure for zero-emission mobility - such as turnkey delivery of modular hydrogen and LNG refueling facilities. In the area of environmental solutions, the offering includes due diligences for environmental risks, customized services for soil and groundwater remediation, as well as recycling. The group's subsidiaries in eight countries on three continents are managed by Wolftank-Adisa Holding AG, based in Innsbruck, Austria. The share of Wolftank-Adisa Holding AG (WKN: A2PBHR; ISIN: AT0000A25NJ6) is listed in the direct market plus segment of the Vienna Stock Exchange AG and in the m:access of the Munich Stock Exchange and is traded on Xetra, the Frankfurt and Berlin Stock Exchanges. Further information: www.wolftankgroup.com

Contact:
Wolftank-Adisa Holding AG
phone: +43 (512) 345726
email: investor-relations@wolftankgroup.com

Disclaimer:
This communication contains forward-looking statements based on current knowledge, expectations, and projections of Wolftank-Adisa Holding AG's management about the future. All statements are subject to potentially uncertain assumptions and risks that could cause actual results to differ materially from those expressed or implied by such statements. Such statements can be identified using words such as "expect", "plan", "anticipate", "target", "estimate", "assume" or similar. Consequently, statements relating to the future are only valid at the time they are made. The Company does not assume any obligation to adjust, correct or monitor statements made in this communication in the future.



16.10.2023 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com


Language:English
Company:Wolftank-Adisa Holding AG
Grabenweg 58
6020 Innsbruck
Austria
Phone:+43 512 345726
E-mail:investor-relations@wolftankgroup.com
Internet:www.wolftankgroup.com
ISIN:AT0000A25NJ6
WKN:A2PBHR
Listed:Vienna Stock Exchange (Vienna MTF)
EQS News ID:1749087

Weitere Handelsplätze: München Freiverkehr m:access Frankfurt Freiverkehr, XETRA
 
End of NewsEQS News Service

1749087  16.10.2023 CET/CEST

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