Gränichen, Switzerland, July 10, 2007 – In order to enhance its market position in the United Kingdom, Zehnder Group – which operates internationally in the indoor climate sector – has taken over the entire share capital of Bisque Group Limited, a British trading company.
Bisque Group markets radiators via various sales channels in the U.K. Its main customers are bathroom boutiques. However, the company also handles public and commercial building projects and large-scale residential development projects.
In the past financial year (as at end August 2006) the company reported consolidated sales in excess of GBP 15 million. It had 77 employees and was profitable.
The company's balance sheet will be included in Zehnder Group's consolidation matrix for the first time as at June 30, 2007.
The parties have agreed to not disclose the acquisition price.