Swiss Zehnder Group acquires 75 % of ventilation company Caladair

The Zehnder Group (SIX: ZEHN), a leading international provider of complete solutions for a healthy indoor climate, acquires a majority share of 75 % in French ventilation company Caladair. It thus expands its ventilation product portfolio to include large-scale units for commercial buildings and multi-family houses – a strategically important sector.

The Zehnder Group signed the contract to acquire a majority share of 75 % in French company Caladair on October 7, 2021. Founded in 1979 and headquartered in Mâcon in the Burgundy region, the company develops, manufactures and sells energy-efficient ventilation and thermodynamic systems, primarily for commercial buildings. With 80 employees, the company achieved sales of around EUR 10 million in 2020, of which one third outside France.

Through the acquisition, the Zehnder Group expands its ventilation product portfolio to include large-scale units for commercial buildings and multi-family houses – a strategically important sector that will allow it to close a gap in its product range. Caladair will continue operating at its current location under the management of the current managing director, who holds the minority share of 25%. The existing customer base is to be maintained and strengthened. In addition, Caladair products will be sold via established sales channels in the Zehnder Group’s various markets, and further synergies will be exploited.

The closing of the purchase is expected to take place in the coming weeks and is subject to customary closing conditions. The parties have agreed not to disclose the purchase price.

The Zehnder Group improves quality of life with comprehensive indoor climate solutions. The globally active company develops and manufactures its products in 17 plants, including 3 in China and 3 in North America. Its sales activities, spanning more than 70 countries, take place through local sales companies and representative offices.

Zehnder Group products and systems for heating and cooling, comfortable indoor ventilation and air cleaning are characterised by outstanding design and high energy efficiency. The Group is among the market and technology leaders in its business areas with brands such as Zehnder, Runtal, Acova, Bisque, Greenwood, Paul, Core, Nather 兰舍, Fortuneway, Enervent and Recair.

The Zehnder Group has had its headquarters in Gränichen (Switzerland) since 1895. It employs around 3500 people worldwide and achieved sales of EUR 618 million in 2020. The company is listed on the SIX Swiss Exchange (symbol ZEHN/number 27 653 461). The unlisted registered shares B are held by the Zehnder family and persons closely associated with them.

www.zehndergroup.com