Burkhalter Group acquires Kippel building technology in Valais
The Burkhalter Group acquired Kippel Leo + Söhne AG in Susten VS on July 1. The company provides heating, sanitary, and solar technology services and will merge with Lauber IWISA AG in 2025.
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.