Arbonia AG
HVAC Division strengthens sales position in Spain and Portugal
Arbonia AG / Key word(s): Takeover Arbon, 31 March 2021 – As part of its HVAC growth strategy, Arbonia is acquiring the Spanish market leader in the distribution of designer radiators and bathroom radiators, CICSA Industriales del Calor S.L. (Cicsa). This step secures both the medium-term planned revenue growth with components in Spain and Portugal as well as the expansion of the product range in the fast-growing HVAC systems business. Arbonia already acquired its existing distribution partner for heating, ventilation, and air conditioning equipment, TECNA S.L. (Tecna), in September 2018 to expand its HVAC direct customer business in the two southern European markets of Spain and Portugal. The acquisition of Cicsa will further strengthen the sales position of the division in the markets of Spain and Portugal with immediate effect. Contact End of ad hoc announcement |
Language: | English |
Company: | Arbonia AG |
Amriswilerstrasse 50 | |
9320 Arbon | |
Switzerland | |
Phone: | +41 71 447 41 41 |
E-mail: | holding@arbonia.com |
Internet: | www.arbonia.com |
ISIN: | CH0110240600 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1179963 |
End of Announcement | EQS Group News Service |