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Tag: Burkhalter Gruppe

  • Burkhalter Group acquires Kippel building technology in Valais

    Burkhalter Group acquires Kippel building technology in Valais

    The Burkhalter Group has acquired Kippel Leo + Söhne AG in Susten VS with effect from 1 July, according to a press release. Kippel has been operating successfully in the regional market in the canton of Valais for over 50 years and offers services in heating, sanitary and solar technology, according to the Zurich-based building technology specialist. Kippel employs around 20 people and generates an annual turnover of around CHF 6 million.

    Kippel Leo + Söhne AG will be merged with Lauber IWISA AG, which already belongs to the Burkhalter Group and is also based in Naters in Upper Valais, with effect from 1 January 2025. The site will reportedly be retained and all employees will be kept on. The current owners Adolf and Flavian Kippel will continue to work for the company. According to Burkhalter, gaining additional market share through the targeted acquisition of other building technology companies remains part of the strategy.

    At the end of 2023, the Burkhalter Group employed 5,185 people in 84 Group companies at 158 locations in Switzerland and the Principality of Liechtenstein, 971 of whom were apprentices. The holding company, which is headquartered in Zurich, is listed on the SIX Swiss Exchange.

  • Burkhalter buys Riggenbach

    Burkhalter buys Riggenbach

    Burkhalter Group signed a purchase agreement for Riggenbach AG, Lüftungs- und Klimatechnik on 29 June. The company, which is headquartered in Olten and has branch offices in Solothurn and Brugg, generates annual sales of around CHF 40 million, Burkhalter said in a corresponding statement. The takeover is intended to give the Zurich-based building technology specialist additional market share. In its strategy, Burkhalter reserves the right to acquire further building technology companies in order to expand its market share.

    The takeover of Riggenbach is expected to be completed next month. The purchase price is to be paid in cash and by means of new registered shares of Burkhalter. To this end, Burkhalter Holding AG will create 148,774 new registered shares, for which shareholders’ subscription rights will be excluded. Riggenbach has undertaken to hold two thirds of the shares acquired as part of the takeover for at least two years, informs Burkhalter. The new registered shares are expected to be tradable on the SIX from around the end of August to the beginning of September.

  • Acquisitions drive Poenina's growth

    Acquisitions drive Poenina's growth

    According to a statement by Poenina Holding AG , the building technology company from the Glattal generated operating income of CHF 383.2 million in the 2021 financial year. In a year-on-year comparison, this corresponds to growth of 26.8 percent. The operating result at EBIT level increased by 41.3 percent to CHF 21.2 million in the same period. A net profit of CHF 16.9 million was booked, which is 34.1 percent more than in 2020.

    In the statement, Poenina states “two inorganic effects” as the background to the development of sales. On the one hand, three acquisitions in the financial year are mentioned here. On the other hand, the merger with Caleira AG in June 2020 had an impact over an entire reporting year for the first time. Poenina attributes the increase in profitability to “continued internal process improvements” and the waning impact of the pandemic.

    In January of this year, Poenina announced the start of merger negotiations with the Burkhalter Group , which specializes in electrical engineering. The background is the Energy Strategy 2050 planned by the federal government. “In the course of the constructive merger talks”, the board of directors is now applying for the implementation of the merger, Poenina informs in the press release. Poenina is to be merged into Burkhalter and Poenina shares are to be exchanged for newly created Burkhalter shares at a ratio of 1 to 0.73. The approval of the general meetings of both companies is still pending.