![]() The company has already acquired several businesses within the paints and coatings industry in the last 18 months, such as Titan Paints in Spain and New Nautical Coatings in the US. The acquisition will allow AkzoNobel to better serve its global customers and enter in new markets. Grupo Orbis operates in ten countries and has a revenue of around COP €260 million. Likewise, we find great opportunities for the development of our employees and our clients, who will be able to access an enlarged and more complete portfolio,” added Andres Bernal, CEO of Grupo Orbis. corporate legal director of Inversiones Mundial S.A. We strongly believe there are several benefits, such as access to technology and innovation pipelines. their businesses in Colombia, including topics related to foreign investment. “This agreement represents an important growth opportunity for Orbis Group’s companies. We’ll be able to access highly complementary geographical positions in several new countries in the Andean, Central America and Antilles regions, including Colombia, which is the third largest in the region,” commented Daniel Campos, AkzoNobel’s Regional Director for South America. “It’s an historic opportunity which offers attractive growth potential across both paints and coatings. It will expand our long-term position across South America by establishing us as a frontrunner in the Andean region and in Central America, where several countries are high on the global growth rankings for the next decade,” stated Thierry Vanlancker, CEO of AkzoNobel. “This is an excellent intended acquisition which aligns perfectly with our Grow & Deliver strategy of creating leading global positions and driving growth in emerging markets. The transaction – that includes the Pintuco paints and coatings business, Andercol and Poliquim (resins) and Mundial (distribution and services) – is waiting for the regulatory approvals and is expected to be finalised in the early months of 2022 at the latest. ![]() Has reached an agreement to acquire Grupo Orbis, a Colombian paints and coatings company that will allow to further expand AkzoNobel’s position in Central and South America. These include Spain’s Titan Paints, which completed in March 2021, and an agreement made last December to buy US-based Nautical Coatings.AkzoNobel is expanding its position in South and Central America by acquiring Colombia-based paints and coatings company Grupo Orbis. The acquisition follows other deals by AkzoNobel in the paints and coatings industry in recent months. ![]() We’ll be able to access highly complementary geographical positions in several new countries in the Andean, Central America and Antilles regions, including Colombia, which is the third largest in the region.” “It will expand our long-term position across South America by establishing us as a frontrunner in the Andean region and in Central America, where several countries are high on the global growth rankings for the next decade.”ĭaniel Campos, AkzoNobel’s regional director for South America added: “It’s an historic opportunity which offers attractive growth potential across both paints and coatings. “This is an excellent intended acquisition which aligns perfectly with our Grow & Deliver strategy of creating leading global positions and driving growth in emerging markets,” commented AkzoNobel CEO, Thierry Vanlancker. Por el momento no se conoce un valor de la transaccin Daniela Morales Soler ARTCULO RELACIONADO El Grupo Orbis report una utilidad neta de 55. The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins) and Mundial (distribution and services). Grupo Orbis AkzoNobel Fusiones y adquisiciones Administre sus temas Con esto, la empresa sueca ingresar 10 nuevos pases, que se suman a los 150 en los que est. ![]() Present in 10 countries in South America, Central America and the Antilles, Grupo Orbis has consolidated revenue of about €260 million. ![]()
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