Simona AG acquires 75% of the shares in Stadpipe AS.

Stadpipe has established a strong market position when it comes to planning, producing and installing piping systems used in theaquaculture industry. The company has around 50 employees at its two sites in Norway. Its customers mainly consist of project planners and end-users in the fields of aquaculture, oil and gas, and industry. The product range primarily encompasses pipes, fittings, pre-manufactured components and tanks made of polyethylene (PE). Stadpipe is an owner-run company managed by the Sjåstad brothers .

Simona, a German publically listed company, is one of the leading manufacturers of thermoplastic products, with production facilities and sales
offices around the globe. Simona has approx. 1 400 employees worldwide.

“Stadpipe offers us access to project planning companies and end consumers in the fish farming and fishing industry. This will allow us to hone our industry focus when it comes to the growth market of aquaculture. Stadpipe’s product range perfectly complements and extends our existing portfolio of pipes and fittings. Stadpipe has a strong customer-facing business. This enables us to specify our products at an early stage, in addition to identifying changing requirements very quickly. We look forward to expanding our international activities in the field of aquaculture in partnership with the management team headed by Nils Per Sjåstad,” says Matthias Schönberg, CEO of Simona.

“Simona is the ideal partner when it comes to safeguarding the successful future of Stadpipe. The strategic focus of Simona as a global player and the synergies within the product portfolio will unlock opportunities for us within the international customer base. The management team and all our employees look forward to this partnership and to joining the accomplished Simona Group,” says Nils Per Sjåstad, General Manager at Stadpipe.

Synergos and Translink Corporate Finance Gemany was financial and strategic advisor to the shareholders of Stadpipe.