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Epwin Group PLC on Thursday said it has accepted a takeover bid from a UK subsidiary of Laumann Stiftung & Co KG, a Germany-based provider of construction product solutions and IT services. The offer for the Solihull, England-based manufacturer of energy efficient and low maintenance building products is for 120 pence in cash per share, which is a 32% premium to Epwin’s closing price on Wednesday. Shares in Epwin jumped 30% to 118.00p in London on Thursday morning. The bid values the entire share capital of Epwin at around £167.3 million on a fully diluted basis, with an enterprise value of £269.6 million. ‘Epwin’s product portfolio and market presence have only limited overlap with Laumann’s current operations and the Laumann board believes that Epwin’s established brands, high quality products, strong customer and supplier relationships, nationwide network of trade, retail, and installation partners and track-record of innovation across a range of sectors are highly complementary to Laumann’s existing platform,’ the company said. The directors of Epwin said they consider the terms of the acquisition to be fair and reasonable, and said they intend to unanimously recommend that shareholders vote in favour of the takeover. The acquisition is currently accepted to complete in the fourth quarter of 2025. Epwin Chair Stephen Harrison said: ‘The acquisition recognises the strengths of the Epwin business, allowing shareholders the opportunity to realise their investments in cash and in full at a higher level than the Epwin shares have traded in more than eight years, whilst providing Epwin with a stable and supportive new owner, committed to the continuity of the business, strategy and approach.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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