Wolf­tank-Adisa Holding AG – Take­over of recy­cling company Rover­e­ta Srl and mino­ri­ty-stake acqui­si­ti­on of Petrol­tec­ni­ca SpA

Stra­te­gic acqui­si­ti­on will incre­a­se added value chain

Wolf­tank-Adisa Holding AG announ­ces the majo­ri­ty acqui­si­ti­on of Rover­e­ta Srl, a 100% sub­si­dia­ry of Petrol­tec­ni­ca Spa, on the basis of its Manage­ment Board reso­lu­ti­on and the appro­val of the Super­vi­so­ry Board (“Signing”). The trans­fer of the legal entity con­cer­ned is sche­du­led to take place within the end of June 2020 (“Closing”).

Rover­e­ta Srl, head­quar­te­red in Cer­a­so­lo Ausa di Coriano, (Pro­vin­ce of Rimini, Italy), is a company spe­cia­li­zed in recy­cling, water and soil tre­at­ment, as well as in hazar­dous waste dis­po­sal. The company ‑despite the COVID 19 infu­en­ced envi­ron­ment- is expec­ted to gene­ra­te sales of around Euro 10 million with a posi­ti­ve ear­nings con­tri­bu­ti­on for this year, thanks to the very eco­no­mi­c­al recy­cling of the treated re-usable materials.

Backed by an inde­pen­dent fair­ness opinion and valua­ti­on report, the purcha­se price is Euro 3 million.

Tar­ge­ting a top line volume in the soil and water reme­dia­ti­on sector of Euro 35 million in 2020, the merger of the two com­pa­nies is assumed to greatly expand the exis­ting ver­ti­cal inte­gra­ti­on of Wolf­tank Adisa Group by redu­cing costs for dis­po­sal and pro­ces­sing. Syn­er­gies in the ope­ra­ting busi­ness, espe­cial­ly on the pro­cu­re­ment side, but also for rese­arch and deve­lo­p­ment are expec­ted to be of great added value. In addi­ti­on, both com­pa­nies are anti­ci­pa­ting con­si­derable advan­ta­ges in the ope­ra­ti­on of a joint tech­no­lo­gy and sales plat­form, leading to an enhan­ce­ment of their inter­na­tio­nal service offe­rings and an even faster growth.

As a cor­ner­stone for an addi­tio­nal expan­si­on of the busi­ness in the future, Wolf­tank-Adisa Holding AG will also acquire a mino­ri­ty inte­rest of initi­al­ly 10% in the pre­vious sole share­hol­der of Rover­e­ta Srl, Petrol­tec­ni­ca SpA, getting hereby access to the whole product range necessa­ry for the plan­ning and con­struc­tion of recy­cling-plants. This high quality tech­no­lo­gy shall be made avail­ab­le to exis­ting cus­to­mers world­wi­de in order for them to pro­fi­ta­b­ly adapt to the rapidly chan­ging con­di­ti­ons in fossil fuel reduc­tion and invest­ments in rene­wa­ble energies.

 

The exe­cu­ti­ve board of Wolf­tank-Adisa Holding AG will present further details in a web con­fe­rence next Friday, June 5th 2020 at 10:00 am. Inte­res­ted inves­tors and press repre­sen­ta­ti­ves, please regis­ter for par­ti­ci­pa­ti­on at Montega AG via konferenz@montega.de

About Rover­e­ta Srl:

Rover­e­ta Srl is a recy­cling company spe­cia­li­sed in high-tech soil and water reme­dia­ti­on. An accredi­ted labo­ra­to­ry for soil samples is also part of the company. The offi­cial permits allow a tre­at­ment of up to 228.000 tons per year in the current stage of expan­si­on. Further infor­ma­ti­on is avail­ab­le at www.rovereta.com

About Petrol­tec­ni­ca SPA:

Petrol­tec­ni­ca S.p.a. is an inter­na­tio­nal­ly active company spe­cia­li­zing in soil and water reme­dia­ti­on, offe­ring ser­vices for envi­ron­men­tal reme­dia­ti­on and emer­gen­ci­es, espe­cial­ly in the oil, petro­che­mi­cal and pro­ces­sing industries.

Further infor­ma­ti­on is avail­ab­le at http://www.petroltecnica.it/en/

About Wolf­tank-Adisa Holding AG:

Wolf­tank-Adisa Holding AG is the parent cor­po­ra­ti­on of an inter­na­tio­nal group of com­pa­nies focu­sing on envi­ron­men­tal pro­tec­tion ser­vices for con­ta­mi­na­ted soils and faci­li­ties, reme­dia­ti­on and moni­to­ring of (large-scale) tank farms, as well as full-service engi­nee­ring ser­vices for LNG- and petrol sta­ti­ons. The company is active world­wi­de and uses various paten­ted app­li­ca­ti­on tech­no­lo­gies with the aid of high-tech epoxy resins deve­lo­ped in-house.

Wolf­tank-Adisa Holding AG (ISIN: AT0000A25NJ6; WKN: A2PBHR) is trading on the Munich Stock Exchan­ge and is also listed on the Vienna Stock Exchange.

Here you can find the cor­po­ra­te news as download:

 

Note: All requi­re­ments of the Aus­tri­an Stock Exchan­ge Act regar­ding the requi­re­ment of a formal admis­si­on of finan­cial instru­ments for trading and issuer obli­ga­ti­ons on a regu­la­ted market for finan­cial instru­ments traded on the Third Market do not apply, but in par­ti­cu­lar the requi­re­ments set out in Art. 17 (Publi­ca­ti­on of Insi­ders, Con­tract par­ti­ci­pa­ti­on “direct market plus” | Decem­ber 2018), Art. 18 (Insider Lists) and Art. 19 (Direc­tors dealing) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the obli­ga­ti­ons laid down in the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act and the pro­hi­bi­ti­ons of Art. 14 (Insider Trading) and Art. 15 (Market Mani­pu­la­ti­on) of the Market Abuse Ordi­nan­ce (VO (EU) No. 596/2014) in con­nec­tion with the respec­ti­ve natio­nal legal rules pur­suant to the Stock Exchan­ge Act do apply.

About Wolftank Group

Wolftank-Adisa Holding AG is the parent company of an international group of companies focusing on the turnkey construction of modular hydrogen and LNG refuelling facilities, environmental protection services for polluted soils, facilities and waters, refurbishment and monitoring of (large) tank facilities as well as full-service engineering services for fuel supply facilities. The company is active worldwide and has various patented application technologies.

Note: All requirements of the Austrian Stock Exchange Act regarding the requirement of a formal admission of financial instruments for trading and issuer obligations on a regulated market for financial instruments traded on the Third Market do not apply, but in particular the requirements set out in Art. 17 (Publication of Insiders, Contract participation “direct market plus” | December 2018), Art. 18 (Insider Lists) and Art. 19 (Directors dealing) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the obligations laid down in the respective national legal rules pursuant to the Stock Exchange Act and the prohibitions of Art. 14 (Insider Trading) and Art. 15 (Market Manipulation) of the Market Abuse Ordinance (VO (EU) No. 596/2014) in connection with the respective national legal rules pursuant to the Stock Exchange Act do apply.

Related news
Corporate News | Press releases
Wolf­tank Group: Signi­fi­cant sales growth in the first half of 2022
Environmental services, Hydrogen, Industrial coatings, LNG
Events
CEO Peter Werth par­ti­ci­pa­ting in the VDE Finan­cial Hydro­gen Dia­lo­gue in Nuremberg
Hydrogen
Events
CEO Peter Werth invited at the Avesco webinar about zero-emis­si­on mobility
Hydrogen, LNG
Corporate News | Press releases
Wolf­tank Group: Strong part­ners­hips yield first results
Hydrogen, LNG
Subscribe to our newsletter
Get in touch with us
Stay up to date and subscribe to our newsletter
Reach out to our team and get more information