Wolf­tank-Adisa Holding AG acqui­res DRK 32 GmbH and expands value chain with com­ple­men­ta­ry pipe system and inner-shell tank technology

As part of its growth plan, Wolf­tank-Adisa Holding AG has made a stra­te­gic acqui­si­ti­on in the area of pipe systems and inner-casing tank tech­no­lo­gy. The take­over of DRK 32 GmbH, Iller­tis­sen, on the 1st of January 2018, brings addi­tio­nal know-how and com­pe­tence for the acti­vi­ties in the filling station and water tre­at­ment busi­ness. The parties have agreed not to dis­c­lo­se the purcha­se price.

Dr. Peter Werth, CEO of Wolf­tank-Adisa Holding AG, said: “This next step and the expan­si­on of our range of ser­vices will enable us to offer addi­tio­nal ser­vices and cutting-edge tech­no­lo­gy to our cus­to­mers in the future. The manage­ment and employees of DRK 32 have a long stan­ding expe­ri­ence in double-walled pipe con­struc­tions as well as the instal­la­ti­on and con­ver­si­on of petrol and diesel tank inner covers. The exis­ting pro­ducts and the dis­tri­bu­ti­on network of DRK 32 are very com­ple­men­ta­ry to ours and will con­tri­bu­te to the further posi­ti­ve growth of Wolf­tank-Adisa Group”.

About DRK 32 GmbH:

DRK 32 GmbH (www.drk32.de) is a sup­plier and service pro­vi­der for tank liners, leak detec­tors and pipe systems whose licen­ses and patents are used world­wi­de. The enter­pri­se has its seat in Iller­tis­sen, Germany.

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.

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