EQS-News: Wolftank Group completes acquisition of majority stake in Petroltecnica

EQS-News: Wolftank-Adisa Holding AG / Key word(s): Takeover/Expansion
   Wolftank Group completes acquisition of majority stake in Petroltecnica

   16.10.2023 / 08:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Press release                                                             
                           Innsbruck, 16 October 2023 

   Wolftank Group completes acquisition of majority stake in Petroltecnica

   Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6),
   specialized in renewable energy and environmental remediation
   technologies, has completed the announced acquisition of the Italian
   environmental services provider Petroltecnica SpA. The closing of the
   transaction took place on Friday. The purchase price for an additional 40
   percent and one share amounts to EUR 4 million. Since July 2020, Wolftank
   Group held a ten percent stake in Petroltecnica, as well as positions on
   the Supervisory Board and Management Board, and had the option to increase
   its stake to a majority.

   With annual sales of EUR 28.9 million (2022), Petroltecnica is firmly
   established in the Italian market as a specialist in environmental
   remediation in the industrial sectors of oil and gas, chemicals and
   manufacturing and operates several recycling plants. The consolidation of
   the new subsidiary will further strengthen the Wolftank Group's balance
   sheet and expand the base for future growth. The combination of Wolftank's
   and Petroltecnica's competencies and capacities consolidates the leading
   market position in Italy and opens up new market opportunities.

   "With this acquisition, we are setting a next milestone in our growth
   strategy and further strengthening our position in the environmental
   sector. Together, we are a leading player in the Italian market and are
   now able to offer our customers an even more comprehensive and powerful
   portfolio," said Peter Werth, CEO of Wolftank Group, on the transaction.

   The strategic direction and capabilities of Wolftank and Petroltecnica
   complement each other perfectly. They will not only increase operational
   efficiency, but also help to further drive innovative solutions and
   services in the environmental sector. Wolftank Group thus reaffirms its
   commitment to providing fit-for-future and sustainable environmental
   solutions.

   About Wolftank Group
   Wolftank Group is a leading technology partner for energy and
   environmental solutions operating worldwide. In the field of energy
   mobility and logistics, the Group supports customers in more than 20
   countries to implement projects in an efficient and environmentally
   friendly way. For this, it develops and implements tomorrow's technologies
   to decarbonize transport and build the infrastructure for zero-emission
   mobility - such as turnkey delivery of modular hydrogen and LNG refueling
   facilities. In the area of environmental solutions, the offering includes
   due diligences for environmental risks, customized services for soil and
   groundwater remediation, as well as recycling. The group's subsidiaries in
   eight countries on three continents are managed by Wolftank-Adisa Holding
   AG, based in Innsbruck, Austria. The share of Wolftank-Adisa Holding AG
   (WKN: A2PBHR; ISIN: AT0000A25NJ6) is listed in the direct market plus
   segment of the Vienna Stock Exchange AG and in the m:access of the Munich
   Stock Exchange and is traded on Xetra, the Frankfurt and Berlin Stock
   Exchanges. Further information: [1]www.wolftankgroup.com

   Contact:
   Wolftank-Adisa Holding AG
   phone: +43 (512) 345726
   email: [2]investor-relations@wolftankgroup.com

   Disclaimer:
   This communication contains forward-looking statements based on current
   knowledge, expectations, and projections of Wolftank-Adisa Holding AG's
   management about the future. All statements are subject to potentially
   uncertain assumptions and risks that could cause actual results to differ
   materially from those expressed or implied by such statements. Such
   statements can be identified using words such as "expect", "plan",
   "anticipate", "target", "estimate", "assume" or similar. Consequently,
   statements relating to the future are only valid at the time they are
   made. The Company does not assume any obligation to adjust, correct or
   monitor statements made in this communication in the future.

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   16.10.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Wolftank-Adisa Holding AG
                Grabenweg 58
                6020 Innsbruck
                Austria
   Phone:       +43 512 345726
   E-mail:      investor-relations@wolftankgroup.com
   Internet:    www.wolftankgroup.com
   ISIN:        AT0000A25NJ6
   WKN:         A2PBHR
   Listed:      Vienna Stock Exchange (Vienna MTF)
   EQS News ID: 1749087

   Weitere Handelsplätze: München Freiverkehr m:access Frankfurt Freiverkehr,
   XETRA

    
   End of News EQS News Service


   1749087  16.10.2023 CET/CEST

References

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   2. mailto:investor-relations@wolftankgroup.com

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