Swiss company and a leader in processing materials for construction, Sika AG has acquired Iotech Group Limited, with headquarters in England and subsidiaries in the UK, USA and Belgium. Previously privately owned, Iotech Group revenues totaled GBP 40 mln for the year 2008. Iotech specializes in formulation, production and supply of polyurethane liquid membranes and intermediates. With this acquisition Sika substantially expands its technology and market know-how and builds up a market position in polyurethane liquid membranes for roofing. In addition to liquid membranes, Iotech formulates, produces and supplies hygienic wall coatings. Iotech's highly recognized R&D organisation enables Sika to establish a technology centre for liquid membranes.
Liquid membranes are well established in the global roofing and waterproofing markets. The membranes are supplied mainly to the highly profitable and crisis-resistant refurbishment market for small to medium-sized roofs. The global liquid membrane market is fragmented, and is served only by regional or local suppliers. Market growth is disproportionately high, outperforming the construction market as a whole.
29-Jan-09 
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