The transaction is subject to receiving the necessary approval from the Competition Commission
Agreement for the acquisition of all the company’s shares MT ATE. signed by METKA ATEits 100% subsidiary METLEN Energy & Metals.
M.T. ATE was established in 1998 and is active in the undertaking and construction of public and private technical projects, specializing in environmental projects. It has, among other things, a certificate of contracting capacity of a higher special class (4th class) in the special category of the Register of Contracting Companies (MEEP) for “Water, liquid and solid and gaseous waste purification and treatment projects”. In addition, it is active in building, plumbing and special industrial projects.
As pointed out in a related announcement:
This acquisition is part of METKA’s strategic planning for the expansion of its activity in the field of environmental projects (liquid and solid waste management, waste treatment and recycling recovery units, maintenance of all kinds of environmental projects) but also for the further upgrading and increase of potential of the promising new generation of private and public building projects.
With the additional portfolio of environmental projects of M.T. ATE and with the relevant know-how, METKA strengthens its possibilities to claim new projects and increase its share in a rapidly growing market.
It is recalled that METKA, a subsidiary company of METLEN, was created after the corporate transformation of 2022 with the aim of upgrading the infrastructure and construction sector of the company. He has long-term experience in the infrastructure industry, holding a 7th grade contractor degree and now specializes in construction activities undertaking infrastructure projects such as road construction, building, railway, port projects, etc. as well as solid and liquid waste management projects.
According to its strategic plan, METKA aims to establish itself as one of the leading representatives of the infrastructure sector in Greece and to expand its activities, for the benefit of its growth and profitability.
The purchase price of 100% of the shares of M.T. ATE amounts to ~ Euro 14 million.
The transaction is subject to receiving the necessary approval from the Competition Commission.
Source: Skai
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