Franke Group has acquired 100% of WESCO Group, a premium manufacturer of kitchen ventilation systems, to strengthen its market position in Switzerland and Germany.
Target Information
The Swiss Franke Group, headquartered in Aarburg, has signed a purchase agreement to acquire 100% of the WESCO Group, a premium manufacturer of high-quality kitchen hoods and ventilation systems operating in Switzerland and Germany. The financial details of the transaction have not been disclosed.
WESCO Group's subsidiary, WESCO AG, is a recognized expert in kitchen hoods and air filtration systems for residential areas, schools, and offices in Switzerland. The German subsidiary, berbel Ablufttechnik GmbH, is a leading brand for kitchen hoods and cooktop extractors in Germany. For the fiscal year 2022/2023, the WESCO Group generated a net revenue of 97 million Swiss Francs and employed a total of 280 staff members.
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Industry Overview
The kitchen ventilation and air filtration market is critical for maintaining indoor air quality, particularly in residential and commercial settings. In Switzerland and Germany, awareness regarding air quality and its impact on healt
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Disclosed details
Revenue: $107M