Swiss industrial company Georg Fischer AG has announced that it made the strongest bid for Uponor Oyj by offering EUR28.85 (US$31) per share to acquire Uponor.

The total equity value of the transaction is about EUR2.1 billion (US$2.26 billion). As Uponor's shares rose even further to EUR29.38, new offers may still come in. Georg Fischer stated that she would like to own 100% of Uponor. Some 36.9% of Uponor's shareholders had agreed to sell to Georg Fischer, including top owner Oras Invest with a stake of 25.7%. With a high level of support from Uponor's shareholders, there is a good chance that the deal with Georg Fischer will go through.

Uponor is a company that operates in the building solutions industry, specializing in plumbing, indoor climate, and infrastructure systems. The company's core focus lies in creating safe, reliable, and energy-efficient solutions that enhance the comfort and well-being of people. Uponor's product portfolio includes piping systems, fittings, radiant heating and cooling systems, plumbing systems, and pre-insulated pipe systems. These solutions are designed to optimize energy consumption, improve water and energy efficiency, and contribute to healthier indoor environments.