Ebara Acquires Uruguayan Pump Sales Company Asanvil S.A. to Expand Market Share, Establishes First Sales Base in the South-Central Region of South America

EBARA CORPORATION has acquired 80% of the shares of Asanvil S.A. (Asanvil), a Uruguayan pump sales company, on October 31, 2024, through its Brazilian subsidiary EBARA BOMBAS AMÉRICA DO SUL LTDA (EBAS), and made Asanvil a subsidiary of EBAS.

<h3><b>1. Background and purpose</b></h3>
In our medium-term management plan E-Plan 2025, we have positioned the Building & Industrial Segment as a growth business. In order to capture growth markets and increase our market share globally, we are aggressively investing, including through M&A, to establish new bases. We have already established 10 new bases (including three through M&A) in the five years from 2020, and this will be the 11th.
In the South American region, the market for pumps for agricultural, construction, industrial, and other applications is growing, and EBARA has been expanding in the region by utilizing its bases in Brazil and Colombia. Through this acquisition, EBARA will gain a new sales base in Uruguay, a country in south-central South America. We intend to further expand our business in the South American region by increasing our sales share in Uruguay and strengthening our sales network across the region.

<h3><b>2. Overview of the company to be acquired</b></h3>
Company name: Asanvil S.A.
Year of establishment: 2012
Location: Canelones, Uruguay
Main business: Assembly, sales, and after-sales service of standard pumps and other products

<h3><b>3. Future Prospects</b></h3>
In the future, synergies will be created by leveraging Asanvil&apos;s sales network and ability to respond to local needs in products and services, and by providing the EBARA Group&apos;s products and services through Asanvil. This will increase the presence and market share of the EBARA brand in south-central South America and will lead to long-term business growth.

The EBARA Group aims to contribute to the achievement of the Sustainable Development Goals (SDGs) by addressing material issues identified in its long-term vision and executing the medium-term management plan to increase corporate value.