Burkhalter Group acquires electrical engineering company in Saas-Fee (Canton of Valais)
January 26, 2023 at 11:46 am EST
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Burkhalter Holding AG / Key word(s): Takeover
Burkhalter Group acquires electrical engineering company in Saas-Fee (Canton of Valais)
26-Jan-2023 / 17:41 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
The Burkhalter Group is to acquire Elektro Saas AG in Saas-Fee (Canton of Valais) on 26 January 2023. The company employs around 20 people and generates annual sales of approximately CHF 3 million.
Elektro Saas AG has been a successful player in the regional market since 1995 and primarily offers traditional electrical engineering services. Owner Egon Lehner is now selling the company to Burkhalter Holding Ltd as part of the company's succession plan.
Elektro Saas AG is being merged with the Brig-Glis-based company TZ Stromag, which is already part of the Burkhalter Group, with retroactive effect from 1 January 2023 and will operate as a branch of this organisation under the leadership of Egon Lehner. The Elektro Saas name and all employees will be retained.
Download media release as PDF here
Contact: Burkhalter Holding Ltd
Elisabeth Dorigatti, Head of Communication, Sustainability and Investor Relations
+41 44 439 36 33 e.dorigatti@burkhalter.chwww.burkhalter.ch
Burkhalter Holding AG is a Switzerland-based company engaged in the distribution and installation of electrotechnical and telecommunication engineering systems. It directs its offering at the construction industry. The Company operates through the electric engineering segment, divided into six service areas: Installations, covering the electric installations and systems in residential and commercial properties, as well as industrial plants; Switchboards, providing the development, planning and montage of bespoke switchgears; Services, engaged in the maintenance of the installed systems and installations; Telematics, active in the field of cabling, information technology (IT) networks, client server systems and Voice over Internet Protocol (VoIP) solutions; Automation, which covers the design, planning, programming and implementation of industrial automation processes, and Security, providing security solutions, such as access control, fire protection and video surveillance.