Wicknorthen Acquires Enar Group of Spain, Adding Strength to the Group's Concrete Technology Business

The leading manufacturer of light and compact equipment, the Wicknorthen Group, has partnered with the SpanishEnarco S.A.The major shareholders of the company reached an agreement.，Will be acquiredEnarGroup 100%Shares of。

EnarIs a Spanish manufacturer of light construction equipment specializing in concrete compaction.。In addition to a wide range of concrete internal vibrator products，The company's portfolio also includes vibratory plate Compactors for soil and asphalt compaction.、Impact Rammer and walking roller。The purpose of this strong alliance is to further strengthen the market position of Wicknoson Group.，Expand international influence，In particular in the technical field of concrete.。

“Through acquisitionEnarGroup，We have found an ideal way.，To expand the demand for products in the growing concrete technology market.。EnarThe company's product positioning is very good.，Moreover, the company has established a strong market channel in the world.，Creating very promising opportunities for our group。”Chief Sales Officer, Wicknorthen GroupAlexander GreschnerIntroduce。

It is understood that，EnarThe company is the leading enterprise in the European concrete industry.，The performance is particularly outstanding in the European and Latin American markets。The company operates worldwide.，Sales in 2021 will be around 22 million euros.。EnarThe company is headquartered in Zaragoza, Spain.，About 130 employees。

“We are delighted to have secured a strong partner in Wicknoson.，For our company andEnarBrand opens up good long-term prospects。I believe，The merger will provide our employees with the best development opportunities.，EnarWill be with Wicknoson.，To better meet the needs of our customers！”Enarco S.A.The CEO ofJose Luis del Prim ImazSay。

WhereasEnarBright's market position and customers' high recognition of its products，Wickrawson willEnarManaged as an independent brand。

“Concrete technology has always been one of the core competitiveness of Wicknorthen Group.。The acquisition will strengthen this business line.，And enable us to enter new customer markets.。EnarThe company will distribute its products through independent sales channels.，These channels do not conflict with Wicknoson's existing product sales channels.，So it's a win-win for both sides.。"GreschnerAdded。

If approved by the regulatory authorities,，The M & a process is going well.，The deal is expected to close in the first half of 2022.。

Wickrossen Group is an international multinational enterprise.，It has about 6000 employees worldwide.。Fiscal year 2020，The Group achieved revenue of 16.1.5 billion euros。As a leading manufacturer of light and compact equipment，The Group offers a broad portfolio of products to its customers.、Efficient after-sales service and high-quality spare parts products。
The Wickrossen Group is home to many buildings.、Gardening、Preferred partner for professional users in the field of landscaping and agriculture，At the same time, it also serves municipal institutions.，And companies related to recycling and energy.。Owned by the GroupWacker Neuson、KramerAndWeidemannThree major brands。Wacker Neuson SEShares on the Frankfurt Stock Exchange（ISIN:DE000WACK012，WKN:WACK01）Listed on the main regulated standard board，YesSDAXA member of。

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