TeraPlast takes control of Aquatica Experience Group

Construction materials producer TeraPlast Bistriţa has completed the acquisition of the majority stake, 51%, of Aquatica Experience Group (AEG), according to a company report published yesterday on the Bucharest Stock Exchange (BVB) website.

Upon completion of the transaction, TeraPlast paid two million euros to the sellers and provided a loan of 1.5 million euros to support the growth of the new subsidiary's activity. The final value of the acquisition will be established based on Aquatica Experience Group's financial statements as of the end of this year, the report also points out.

Also yesterday, TeraPlast announced the appointment of Ovidiu Gurău, the company's commercial director, as co-administrator of AEG. Aquatica Experience Group is an integrated engineering player, providing water treatment, purification and management solutions, including digital components, which contribute to the expansion of the portfolio of integrated water management solutions that TeraPlast offers.

Dorel Goia, Chairman of the TeraPlast Board of Directors, stated in February last year: "Through the acquisition of AEG, we will be able to offer modern water treatment and purification solutions for the markets in Romania, the Republic of Moldova, Hungary, Croatia, and Austria. In addition, the digitalization of water management will contribute both to increasing water quality and reducing water losses. Given climate change, water is no longer an unlimited resource that we can afford to waste in old, leaky networks or treatment plants that pollute rivers and groundwater. This acquisition concludes the strategic phase of accelerated expansion of the last two years. TeraPlast's priority becomes the consolidation of these businesses and the generation of net profit, for the benefit of our shareholders."

AEG is part of the initiative to establish a European consortium, called Knowledge and Innovation Community Water (KIC), whose objective is to establish a center of excellence and innovation in water infrastructure in Romania, with an impact on the provision of this resource and the security of water supply. The partners targeted by the consortium include both public and governmental institutions in the country as well as industrial partners and research centers, such as the Luxembourg Institute of Science and Technology, according to a report yesterday by TeraPlast from BVB.

For this year, TeraPlast budgeted a turnover of one billion lei, 12% above that of the previous year and a net profit of 5.3 million lei, compared to a loss of 19.6 million lei recorded in 2024. Dorel Goia owned 46.8% of the construction materials producer, as of October last year, while the Pilon II pension fund managed by NN had a 12% stake in the company, whose current stock market valuation amounts to almost 900 million lei.