# Sika Egypt completes acquisition of Modern Waterproofing Company

Sika Egypt For Construction Chemicals S.A.E completed the acquisition of Modern Waterproofing Company S.A.E. for approximately EGP 470 million on a cash-free and debt-free basis.

- Type: Acquisition
- Announced: 2020-06-08
- Where: Egypt
- Value: $26.0M (470.0M EGP)
- Status: completed
- Products: roofing, waterproofing, building envelope systems
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Sika Egypt For Construction Chemicals](https://endata.com/companies/47732.md) (acquirer)
- [Modern Waterproofing Company](https://endata.com/companies/47733.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/MODERN-WATERPROOFING-COMP-20706567/news/Sika-Egypt-For-Construction-Chemicals-S-A-E-completed-the-acquisition-of-Modern-Waterproofing-Compan-33841767/), 2020-06-07: "Sika Egypt For Construction Chemicals S.A.E completed the acquisition of Modern Waterproofing Company S.A.E. (CASE:WATP) on June 8, 2020."

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