Private equity firm Miura and its portfolio company Mindful Capital have agreed to sell Italcer, a major European building materials supplier, to Austrian construction group Wienerberger. The deal, confirmed by PE Hub, sees Wienerberger acquire Italcer's operations for an undisclosed sum. Italcer, based in Italy, is a significant player in the European cement and concrete market.

Wienerberger, a publicly traded company listed on the Vienna Stock Exchange, has been expanding its footprint in Southern Europe through acquisitions. This transaction strengthens Wienerberger's position against competitors like HeidelbergCement. Miura and Mindful Capital will exit their investment, realizing gains from their stake in Italcer. The sale reflects ongoing consolidation in the European building materials sector as companies seek scale and geographic reach. Wienerberger's acquisition of Italcer marks its second major purchase in Italy within a year, following its 2023 takeover of Italian concrete producer Concreti.

This move positions Wienerberger to better serve the robust construction demand in Southern Europe.