Sika acquires 30% stake in startup flooring company Concria Oy
Start-up

Sika acquires 30% stake in startup flooring company Concria Oy

Concria has developed an excellent technology that represents a novel approach to concrete floor installation and polishing

  • By ICN Bureau | November 28, 2023

Sika acquires a stake of 30% in Concria Oy, a Finnish startup company specializing in highly innovative concrete floors. Concria has developed a new technology for concrete flooring, offering a wide range of advantages to contractors, architects, and property owners. Sika’s global network and complementary product portfolio will provide an attractive growth platform.

Concria has developed an excellent technology that represents a novel approach to concrete floor installation and polishing. It includes special dry shake hardeners as well as a unique procedure and tools for grinding and polishing concrete floors. This innovative technology enables a fast and efficient installment of highly decorative polished concrete floors featuring superior quality and durability properties.

Ivo Schaedler, Head Construction: “With the acquisition of a stake in Concria we invest in an exciting, innovative technology for the flooring industry. Our global manufacturing footprint and sales force will facilitate production and marketing of the technology across the globe. At the same time, the rollout will promote additional sales of Sika products which are complementary to the Concria offering. We look forward to a successful collaboration with the Concria team.”


Register Now to Attend Petrochem Summit 2024 on Friday, 23rd February 2024, The Park Hotel, New Delhi

Other Related stories

Chemical

Petrochemical

Energy

Digitization