UAE-based RAK Ceramics inks deal to fully acquire Germany’s KLUDI Group

UAE-based RAK Ceramics inks deal to fully acquire Germany’s KLUDI Group

RAK Ceramics, one of the largest ceramics brands in the world, has signed a Share Purchase Agreement in order to acquire a 100 percent stake in German specialty kitchen and bathroom brand KLUDI Group.

According to the statement, “KLUDI Group includes KLUDI GmbH & Co KG, Scheffer Beteiligungs GmbH, KLUDI Armaturen GmbH & Co KG, KLUDI Armaturen GmbH, Austria, KLUDI Management GmbH and KLUDIRAK, UAE.”

The strategic acquisition of KLUDI Group represents an opportunity for RAK Ceramics to strengthen its growing existing core businesses across German and European markets.

Abdallah Massaad

Group CEO

RAK Ceramics “This acquisition of KLUDI Group aligns to our growth strategy and commitment to strengthen our presence in core markets and focus on core products. It provides RAK Ceramics with the opportunity to spearhead our expansion into European markets and enhances our positioning in projects across the sanitary ware and faucets business. The acquisition, built on a long-standing partnership and a shared vision, opens up new opportunities for KLUDI Group as we aim to develop this historic and established European faucet brand further by funding its strategy and driving forward modernization and digitalization of the brand. This will also provide an opportunity for KLUDI Group to leverage on RAK Ceramics network