Burkhalter buys Riggenbach
Burkhalter Group is taking over Riggenbach AG, Lüftungs- und Klimatechnik. The company, which is headquartered in Olten and has branches in Brugg AG and Solothurn, is intended to provide the Zurich-based building technology specialist with additional market share.
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.