Burkhalter Holding AG (SWX:BRKN) is evaluating a merger with the Poenina Holding AG (SWX:PNHO) and is expected to announce the outcome and how it intends to proceed on 31 March 2022 during its financial results media conference. The Board of Directors of Burkhalter Holding convened a meeting on 18 January 2022 and decided to enter into merger negotiations with poenina holding ltd. A merger of Burkhalter Holding Ltd. and poenina holding ltd would produce a strong, local provider who would be able to design and install future-facing, interdisciplinary building technologies. This will make a significant contribution to achieving the energy targets for the Swiss building stock.

This would allow the Burkhalter Group to cement its position as a leading provider of electrical engineering services for buildings while also expanding into the building technology sector. The existing structures at the companies, which are already organised along similar lines, would be expected to remain in place. There are no plans for any job losses.

This potential merger would create a building technology group with almost 80 companies across over 140 locations in Switzerland and the Principality of Liechtenstein. Based on the financial figures from 2020, the building technology group would have a total operating income in the region of CHF 800 million and approximately 4,600 full-time employees (FTEs). As part of the requirement to complete all necessary checks in good time, Burkhalter Holding Ltd. is expected to announce the outcome of the evaluation of the potential merger with poenina holding ltd on 31 March 2022 during its financial results media conference.

The Zurich Cantonal Bank will be supporting Burkhalter Holding Ltd. in this process as transaction advisor. If the evaluation and negotiations lead to a positive result, the shareholders will probably vote on the merger at the Shareholders' Meeting on 31 May 2022.