The transfer will become effective after the fulfillment of condition precedents as well as legal approvals. At the closing, TeraPlast will make an initial prepayment of EUR2 million.
Additionally, the company will support AEG’s growth with an EUR 1.5 million loan.
The final transaction value will be determined based on AEG’s financial results as of December 31, 2025, using an agreed valuation formula of 5x EBITDA, adjusted for cash, working capital, and debt.
“We are adapting to evolving customer needs and taking a natural step in TeraPlast’s growth, addressing the growing challenges of urbanization. We are in the age of water, where ensuring high-quality water resources is a global priority. As existing infrastructure ages, the need for modern and efficient solutions becomes more pressing. Without prompt and widespread intervention, future remediation efforts will be significantly more costly and complex. In 2024, we expanded our presence across the region, and with the acquisition of AEG, we will be able to offer state-of-the-art water treatment and purification solutions in Romania, Moldova, Hungary, Croatia, and Austria,” stated Dorel Goia, chairman of TeraPlast board.
He added that the digitalization of water management will not only enhance water quality but also significantly reduce water loss.
Via this acquisition, TeraPlast makes the transition from a manufacturer of water and wastewater transport solutions to a full-service provider of integrated water management solutions.
In 2023, Aquatica Experience Group posted EUR3 million turnover, up 68% from 2022.
TeraPlast in January-September 2024 registered a loss of around RON7 million, after RON6.8 million profit in the same period of 2023. The group’s turnover rose by 32% to RON681 million.
(English version by Catalina Apostoiu)