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Brussels, October 27, 2023 – Aliaxis SA/NV, a global leader in fluid management solutions, has accepted the public offer of Georg Fischer and tendered all shares held in Uponor at a price of €28.50 (adjusted down in September to account for a €0.35 per share dividend).

The transaction values the 20% stake at €418 million, expected to be received in cash in Q4, 2023. The sale of the shares will yield an overall pre-tax gain of €90 million for Aliaxis, including amounts already recognized in 2022 and H1 2023.

Eric Olsen, CEO of Aliaxis, stated: “The substantial gain from selling our 20% stake in Uponor results from our bold action regarding the Uponor investment while remaining disciplined in our approach to valuation. We move forward with additional financial strength to pursue our “Growth with Purpose” strategy.”

Media contact Aliaxis:

Chetan Corten
Global Communications Director
+32 (0)2 775 57 58