Burkhalter Group buys electrical engineering company in Eastern Switzerland

MEDIA RELEASE

Burkhalter Group buys electrical engineering company in Eastern Switzerland

On 5 November 2018, the Burkhalter Group acquired Elektro Niklaus AG in Bischofszell, Thurgau. The company employs 30 people and generates annual sales of around CHF 4 million.

Zurich, 5 November 2018

The Burkhalter Group is strengthening its presence in the canton of Thurgau by purchasing Elektro Niklaus AG in Bischofszell. The company has been successfully operating in the local market since 1981 and primarily offers traditional electrical engineering services. The current owner, Reto Gadola, will continue in his managerial role.

More acquisitions in the pipeline

Since the IPO in June 2008, the Burkhalter Group has continuously expanded its network in Switzerland. The purchase of Elektro Niklaus AG is the 21st acquisition by the full-service provider of electrical engineering services to the construction sector. "It remains part of our strategy to gain additional market share by selectively acquiring other electrical engineering companies," says CEO Marco Syfrig.

Further information:

Burkhalter Holding Ltd

Elisabeth Dorigatti, Head of Communications and Investor Relations

Tel.: [phone]

E-mail: [e-mail]

The Burkhalter Group is the leading provider of electrical engineering services to the construction sector and currently has 46 operating companies at 95 locations in Switzerland. On 31 December 2017 it posted an operating result (EBIT) of CHF 37.9 million, Group profit of CHF 30.1 million and sales of CHF 514.7 million, and employed 3,011 people (FTEs, of which 680 apprentices). The Group is headquartered in Zurich. Burkhalter Holding Ltd is listed on the SIX Swiss Exchange (ticker symbol BRKN, security number 21225580, ISIN CH0212255803).

The Burkhalter Group's range of services commences at the site where power is required. We concentrate on providing electrical engineering services in and on buildings (including infrastructure facilities) and offer a full range of services that confirm the Swiss reputation for quality and precision: installations, switchboards, services, telematics, automation and security. In other words: 360° Swiss electrotechnics.

Information about the Burkhalter Group: www.burkhalter.ch

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