Burkhalter Group making gains in the areas of plumbing, heating and ventilation in the cantons of Thurgau and St. Gallen

Burkhalter Holding AG / Key word(s): Takeover
Burkhalter Group is growing in the areas of sanitation, heating and ventilation in the cantons of Thurgau and St. Gallen

March 28, 2023 / 17:40 CET/CEST
Publication of an ad hoc announcement pursuant to 53LR
The issuer is solely responsible for the content of this announcement.

The Burkhalter Group takes over Bötschi Holding AG, Mauren (Thurgau), with its subsidiaries Bötschi AG Feuer Luft Wasser, Mauren, Angele AG Feuer Luft Wasser, Bronschhofen (St. Gallen) and Perl-Pool AG, Mauren, with effect from 28. March 2023. The purchase price is to be paid in cash and with registered shares in Burkhalter Holding AG from authorized capital.

With the takeover of Bötschi Holding AG based in Mauren (Thurgau) and its subsidiaries, the Burkhalter Group is bringing a family company on board that offers classic building technology services in the areas of sanitation, heating and ventilation. The approximately 65 employees, who together generate annual sales of around CHF 19 million, will remain, the company name and the management structure will remain unchanged.

The purchase price is to be paid in cash and in registered shares of Burkhalter Holding AG. To this end, 47,682 registered shares are to be created from authorized capital with the exclusion of subscription rights. The Board of Directors of Burkhalter Holding AG will continue to be able to increase the share capital of the company at any time before May 31, 2024 in accordance with Art. 5A of the Articles of Association by further issuing a maximum of 352,259 fully paid-up registered shares (399,941 less the 47th ‘682 newly created shares). The first trading day of the newly created registered shares is expected to be early/mid-May 2023.

The seller has undertaken not to sell the Burkhalter registered shares received from the sale for a period of two years (lock-up agreement). As a result, the registered shares received are subject to a prohibition on disposal (blocking period).

As part of its growth strategy, the Burkhalter Group will examine further targeted acquisitions of other building technology companies in the future.

Download the media release as a PDF here

End of inside information