Burkhalter Group completes capital increase
Burkhalter Group has completed a capital increase by issuing almost 150,000 registered shares. The Zurich-based building technology specialist will use the shares to settle part of the purchase price for Riggenbach AG from Olten SO.
Burkhalter Group has successfully completed a capital increase for the acquisition of Solothurn-based Riggenbach AG, Lüftungs- und Klimatechnik, the Zurich-based specialist for building technology announced in a press release. Specifically, 148,774 new registered shares with a nominal value of 4 centimes each were issued from the existing capital band. The seller of Riggenbach AG will receive the new shares as part of the purchase price and has undertaken to hold two thirds of the registered shares for at least two years.
With the capital increase, Burkhalter’s share capital has risen to just under CHF 425,000. It consists of a total of 10,622,130 registered shares with a nominal value of 4 centimes each. The new registered shares can be traded on the SIX Swiss Exchange as of 30 August.
The acquisition of Riggenbach AG is intended to give Burkhalter additional market share. The company, which is headquartered in Olten and has branches in Solothurn and Brugg AG, generates annual sales of around CHF 40 million. In its strategy, Burkhalter reserves the right to acquire other building technology companies in order to expand its market share.