immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Zehnder Group

  • Zehnder strengthens ventilation business in Spain and Portugal

    Zehnder strengthens ventilation business in Spain and Portugal

    The Zehnder Group is expanding its residential ventilation business in Spain and Portugal. The international indoor climate expert is gaining broader access to these two markets by acquiring the Spanish company Siber. Its administration, factory and innovation centre are located in Les Franqueses del Vallès near Barcelona, while the logistics centre is in Madrid.

    According to an ad hoc announcement, the transaction was financed with existing credit lines and liquid funds. Closing is expected in the coming weeks. Siber expects sales of around EUR 37 million for the 2024 financial year with an EBIT margin on a par with the Zehnder Group’s ventilation segment.

    According to the Zehnder Group, this is a “unique opportunity”. This is because Siber’s attractive product portfolio is ideally tailored to southern European customer needs and covers the mid-price segment. “This will help the Zehnder Group to sustainably strengthen its growth, particularly in Spain and Portugal as well as other southern European countries.”

    Zehnder Group CEO Matthias Huenerwadel describes the acquisition of Siber as “another milestone in the targeted expansion of our residential ventilation business. The complementarity of customers and products, combined with regional strength and a pronounced capacity for innovation, make Zehnder and Siber a perfectly complementary combination.”

  • Zehnder Group takes over Canadian ventilation company

    Zehnder Group takes over Canadian ventilation company

    The Zehnder Group will complete the acquisition of the Canadian company Airia Brands Inc. in the next few days. The Aargau expert for ventilation and radiators has now announced this. Nothing was known about the purchase price. Airia designs, manufactures and sells heat recovery ventilation. Their products are sold under the Lifebreath brand in the north of the Americas.

    The company reportedly employs around 150 people. In 2021 it achieved sales of around 38 million euros. The Airia headquarters in London in the province of Ontario will be retained and the workforce including the operational management team will be taken over.

    “The Zehnder Group and Airia – that’s a perfect match for us,” said the CEO of the Zehnder Group, Matthias Huenerwadel. “The Lifebreath brand stands for healthy, energy-efficient and environmentally friendly indoor climate solutions, just like the Zehnder brand. With the acquisition of Airia, we are significantly expanding our market position in North America, and we intend to continue to grow in the future”, in line with the company motto “Growth for ventilation – harvest for radiators”.

    The acquisition of Airia will significantly increase ventilation sales as a percentage of total sales in North America. The Zehnder Group operates in North America from its office in Buffalo, New York. The company develops and manufactures its products in 18 of its own plants worldwide. Of these, three are in North America and another three in China.