The acquisition marks an important geographical expansion for Uniwater, which strengthens its presence even further in the Nordic market.
The acquired company, Tonisco, specialises in hot tapping and line stopping, a strategically important offer within Uniwater’s services within the area of service and maintenance of water infrastructure. Tonisco also sells products such as hot tapping equipment, valves, and squeeze off tools. The acquisition opens up opportunities for Uniwater to expand its operations in the Nordic Region and Central Europe.
Business Area Manager, Olof Nordin, describes the acquisition of Tonisco as part of the strategic investment to grow in the Nordic Region, and to offer niche, sustainable services of the highest quality. With Tonisco, Uniwater can increase its market share within a growing market segment.
“Hot tapping and line stopping services are undergoing strong growth in the water and water treatment industry. The acquisition positions us well in order to meet growing demands within the segment, and increase our presence on a wider international stage,” says Olof Nordin.
Uniwater’s subsidiary, Proco Services, already offers these services in Sweden and Norway. The acquisition of Tonisco means a geographical expansion of this offer to Finland and Germany. The companies will be part of Uniwater’s business area Uniwater Solutions.
