Heidelberg Materials has acquired SER Group, a leading integrated company in the demolition and construction materials recycling business, based in Heilbronn, southern Germany. With an annual revenue of around EUR50m and three modern recycling sites, SER Group is the market leader in the greater Heilbronn area and employs more than 220 people.
The acquisition comes shortly after the take-over of Berlin-based RWG Holding GmbH in November 2022 and highlights Heidelberg Materials’ focus on enhancing its circular economy activities.
“Through the acquisition of SER Group, we are further expanding our circular materials offering in Germany. The reuse of building materials and concrete recycling are crucial to achieve our ambitious climate targets. We aim to offer circular alternatives for half of our concrete products worldwide by 2030,” says Dr Dominik von Achten, Chairman of the Managing Board. “I warmly welcome all employees of the SER Group to Heidelberg Materials,” he adds.
The acquisition is subject to approval of the antitrust authorities. The transaction is expected to be completed in the first half of 2023.
