Information on the Target

The ZB Zelt- und Bauheizungen AG ("ZB"), located in Auw, was established in 2016 by Kurt Wyss and a group of local entrepreneurs to provide heating solutions specifically for tents and construction sites. Over the years, ZB has built a strong reputation in Switzerland, catering to significant clients like White Turf in St. Moritz. The company operates a fleet of around 100 warm air units, with 16 units already converted to methanol-burning technology as part of its commitment to environmental, social, and governance (ESG) principles.

This acquisition marks the third investment for the Mobil in Time Group ("MiT") in 2024 and expands MiT's capabilities in the building technology sector, strengthening its presence in the Zug and Lucerne regions.

Industry Overview in Switzerland

The building technology industry in Switzerland is rapidly evolving, with a strong emphasis on sustainable and energy-efficient solutions. The nation has set ambitious goals for reducing carbon emissions, which have prompted a shift towards alternative energy sources, including biofuels and renewable technologies.

As a leader in mobile heating and cooling solutions, Switzerland's market is witnessing increasing demand for environmentally friendly options. Firms specializing in temporary heating solutions are capitalizing on this trend by offering innovative products that meet the growing needs of various sectors, including construction, event management, and facilities management.

Moreover, regulatory frameworks in Switzerland encourage companies to integrate sustainability in their operations, contributing to the growth of businesses focused on renewable energy. The emphasis on comprehensive client service delivery also underscores the industry's evolution towards customer-centric approaches.

As the market adapts to new opportunities, strategic acquisitions such as MiT's purchase of ZB play a critical role in not only consolidating market positions but also enhancing the sustainability initiatives of leading companies in this industry.

The Rationale Behind the Deal

The acquisition of ZB is strategically aligned with MiT's long-term growth plan, enhancing its service offerings and regional reach. By integrating ZB’s capabilities, MiT can cater to large-scale events requiring up to 20 warm air units, thereby improving its service portfolio.

Additionally, the inclusion of ZB’s methanol-burning units serves to bolster MiT’s ongoing commitment to sustainability, as the group aims to replace oil-based solutions with renewable energy sources such as methanol and pellets.

Information about the Investor

Verium is an independent multi-family office based in Zurich, catering to entrepreneurial families with a focus on long-term wealth preservation and growth. Since its inception, Verium has engaged in direct investments in medium-sized enterprises across the DACH region.

Since joining MiT in 2019, Verium has played a crucial role in driving the group’s growth through organic development and a targeted buy-and-build strategy, thus positioning MiT as a leading player in mobile energy solutions and water damage restoration.

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The acquisition of ZB by MiT has the potential to be a strategic and beneficial investment for several reasons. Firstly, it expands MiT's market presence considerably while enhancing its service capabilities in the mobile heating sector.

Moreover, the introduction of environmentally friendly heating solutions aligns well with growing customer demand for sustainable practices, which can enhance the group’s competitive advantage. The successful integration of ZB into MiT’s existing operations should offer substantial synergies, leading to streamlined services and enhanced operational efficiency.

The positive reception from the existing leadership at ZB, particularly from co-founder Kurt Wyss, indicates a strong alignment in vision and operational culture, which is essential for the long-term success of acquisitions.

Overall, this deal reflects a forward-thinking approach in an evolving market landscape, and if managed correctly, can lead to sustainable growth and increased market share for MiT.

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