# Hydro acquires remaining 50% of Technal Middle East from Balexco

Hydro signed an agreement to acquire Balexco's 50% ownership in Technal Middle East for an enterprise value of EUR 35 million, giving Hydro full ownership. TME delivers aluminium building solutions in the Middle East.

- Type: Acquisition
- Announced: 2019-03-25
- Where: Bahrain, Bahrain
- Value: $39.5M (35.0M EUR)
- Status: announced
- Products: aluminium building solutions
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Hydro Inc.](https://endata.com/companies/1478.md) (acquirer)
- [Balexco](https://endata.com/companies/38196.md) (target)
- [Technal Middle East](https://endata.com/companies/38197.md) (target)

## Sources

- [hydro.com](https://www.hydro.com/en/global/media/news/2019/hydro-acquires-50-percent-of-technal-middle-east/), 2019-03-25: "This acquisition will strengthen Hydro Building Systems in Asia where the market growth is amongst the highest in the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.