Uponor Oyj is a
Finnish company that sells products for drinking water delivery, radiant heating and cooling. With approximately 3,700 employees, its head office is located in
Helsinki
Helsinki ( or ; ; sv, Helsingfors, ) is the Capital city, capital, primate city, primate, and List of cities and towns in Finland, most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of U ...
,
Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...
.
Based in Finland, the corporation's shares have been listed on the
Helsinki Stock Exchange, under the symbol UPONOR, since June 6, 1988. In addition, the group is also listed in the Large Cap segment on Nasdaq Helsinki exchange.
In November 2023,
Georg Fischer completed the acquisition of the company for 2.2 billion euros.
Business
Uponor's business consists of three product groups:
*Indoor climate (heating, cooling, and ventilation) (23%)
*Plumbing (55%)
*Infrastructure (22%)
Uponor's business is divided into three business segments:
*Building Solutions - Europe
*Building Solutions - North America
*Uponor Infra
Uponor's customers include building industry professionals, such as distributors and installers, designers, architects, project developers and other construction sector service providers.
Uponor's indoor climate offering includes integrated radiant heating, cooling and ventilation products.
Uponor's portfolio includes water pipes used in buildings, including potable water and radiator connection pipes. Uponor's
PEX
PEX is cross-linked polyethylene, a form of polyethylene with cross-links.
PEX or Pex may also refer to: Science and technology
*Peer exchange, a method to gather peers for BitTorrent
*PHIGS Extension to X, in programming
*Pex (software), a unit ...
and composite pipe systems are used for renovation and modernisation projects.
Uponor Infra
Uponor Infra is the result of a merger between Uponor Infrastructure and KWH Pipe whose products are used in new and rehabilitation infrastructure projects associated with water and wastewater piping, storm-water management, gas distribution, culvert reline and slip lining.
This division has manufacturing units in Europe, developing and manufacturing of structural profile pipe (Weholite) and tanks (Wehopanel) systems for the managing and distribution of water, drainage, energy, electricity, telecommunications and data.
Uponor Infra North America was acquired by Wynnchurch Capital in August 2017 and now operates under the name of Infra Pipe Solutions.
Owners
Uponor Corporation's major registered shareholders (31.7.2023):
# Skandinaviska Enskilda Banken Ab (39%)
# Oras Invest Oy (26%)
#
Varma Mutual Pension Insurance Company
Varma Pension Insurance Company (Finnish: ''Keskinäinen työeläkevakuutusyhtiö Varma'') is a pension insurance company in Finland. Varma manages statutory TyEL insurance for employees and YEL insurance for the self-employed and statutory voca ...
(4%)
# Citibank Europe Plc (3%)
# Ilmarinen Mutual Pension Insurance Company (3%)
References
External links
Official Uponor website
{{Nasdaq Helsinki
Companies listed on Nasdaq Helsinki
Manufacturing companies of Finland
2023 mergers and acquisitions