Sika recently announced plans for two acquisitions. The company has entered into exclusive negotiations with Axson management and shareholders to acquire Axson Technologies, reportedly a leader in the field of epoxy and polyurethane polymer formulations for design, prototyping and tooling, structural adhesives, composite materials, and encapsulation products for the automotive, nautical, renewable energy, sports and leisure, and construction markets.
In addition, Sika has agreed to acquire the assets of Duro-Moza, a Mozambique-based company active in production and sales of specialized mortars and tile adhesives. The transaction will reportedly accelerate Sika Mozambique’s development and market penetration. Duro-Moza generated sales of CHF 2 million (~ $2.25 million) in 2014.