HLE Glascoat Limited announced that its wholly owned step-down subsidiary, HLE Surface Technologies GmbH, has successfully completed the acquisition of specific assets from Omeras GmbH. The transaction, which includes all shares of Omerastore GmbH, was finalized on August 18, 2025.

Acquisition Details

The completion of this acquisition marks a significant milestone for HLE Glascoat, following their previous disclosure on August 14, 2025. The company informed the stock exchanges about this material development in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements.

Strategic Implications

While specific financial details of the transaction were not disclosed, this acquisition is expected to strengthen HLE Glascoat's position in the surface technologies sector. The inclusion of Omerastore GmbH's shares in the deal suggests a strategic move to expand the company's capabilities and market presence in Europe.

Management Statement

Achal S. Thakkar, Company Secretary & Compliance Officer of HLE Glascoat Limited, stated in the regulatory filing:

"HLE Surface Technologies GmbH, a Wholly Owned Step-Down Subsidiary of HLE Glascoat Limited, has completed the acquisition of certain specific assets of Omeras GmbH, and which also includes all shares of Omerastore GmbH, today on 18 August 2025."

Market Impact

Investors and stakeholders will be keenly watching how this acquisition impacts HLE Glascoat's operations and financial performance in the coming quarters. The move aligns with the company's growth strategy and could potentially enhance its product offerings and market reach.

As the details of the acquisition unfold, market analysts will be assessing the potential synergies and value creation opportunities arising from this strategic move by HLE Glascoat Limited.

HLE Glascoat , a leading manufacturer of process equipment, has made a significant move to strengthen its presence in the European market. The company's wholly-owned step-down subsidiary, HLE Surface Technologies GmbH, has agreed to acquire specific assets of Omeras GmbH and its subsidiary Omerastore GmbH for €2.75 million.

Strategic Acquisition

The acquisition includes:

1. Specific assets of Omeras GmbH related to manufacturing and distributing glass-lined and enameled panels, tanks, and facade claddings.
2. All shares of Omerastore GmbH, representing 100% of its share capital.

This strategic move aligns with HLE Glascoat's long-term growth strategy to enhance its commercial presence in key markets, particularly Germany.

Expanding Product Portfolio

The acquisition broadens HLE Glascoat's product offerings to include:

• Storage tanks and silos with capacities ranging from 8 m³ to over 20,000 m³
• Architectural glass-lined panels for infrastructure projects
• Biogas digestion tanks for the renewable energy sector

These additions complement HLE Glascoat's existing expertise in chemical process equipment and open doors to new markets in urban infrastructure, sustainability, and water management.

Financial Implications

While Omeras GmbH has faced recent financial challenges, including insolvency proceedings, HLE Glascoat sees potential in turning the business around. In 2024, Omeras generated a consolidated turnover of €21.80 million, despite facing pandemic-related restrictions and rising energy costs.

Synergies and Growth Opportunities

The acquisition is expected to create several synergies:

• Technology transfer in glass-lining expertise
• Market expansion into high-growth infrastructure segments
• Geographic reach extension into Europe and the Middle East
• Product diversification to reduce dependence on cyclical process industry demand

Looking Ahead

HLE Glascoat's management is optimistic about the acquisition's potential. The company plans to leverage Omeras' German engineering reputation to access premium global projects and explore untapped markets in Asia-Pacific, Africa, and Latin America with modular, bolted tank solutions.

As HLE Glascoat integrates these new assets into its operations, investors and industry observers will be watching closely to see how this strategic move shapes the company's future growth and market position in the global process equipment and infrastructure sectors.

The company has scheduled a conference call where management will likely provide more details on the acquisition and its integration plans.