10.01.2011

Zehnder Group sells Belgium ventilation installation business

    Gränichen, Switzerland, 10.1.2011 – Zehnder Group, with international operations in the indoor climate sector (radiators and ventilation systems), has sold its ventilation installation business in Belgium, effective as of 31 December 2010. This is in line with the Group's overall strategy of focusing on the development, production, sale and service of indoor climate systems. It was agreed to keep the price confidential.

    The installation business in Belgium is located in Dendermonde and, with approx. 50 employees, generated about 7 MEUR net sales in 2009. The spin-off of the installation business is a further step in Zehnder Group’s strategy to focus its activities on development, production, sale and service of indoor climate systems (radiators and ventilation). Zehnder Group will continue with the sale and service of indoor climate systems in Belgium in a newly incorporated company. Interduct Group, the new owner of the installation business, is based in the Netherlands and is active in various areas of the ventilation industry. It was agreed to keep the selling price confidential.

    René Grieder
    Moortalstrasse 1
    5722 Gränichen
    Switzerland

    Chief Financial Officer

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