06.12.2022 07:00:40
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Arbonia continues to strengthen HVAC sales position in Spain and Portugal
Arbonia AG
/ Key word(s): Mergers & Acquisitions
Arbon, 6 December 2022 As part of its communicated HVAC growth strategy, Arbonia has signed an agreement to purchase 100 % of the shares in the Portuguese HVAC distribution company Cirelius S.A. For the HVAC Division, this acquisition means a significant strengthening of its activities in the Portuguese and Spanish markets, making it a leading supplier of HVAC system solutions on the Iberian Peninsular. To expand geographically in the two southern European markets of Spain and Portugal, Arbonia has previously acquired two distribution partners for heating, ventilation, and air-conditioning equipment, Tecna and Cicsa, in 2018 and 2021 respectively. The acquisition of Cirelius will significantly strengthen the HVAC Division's sales position in these markets, giving it a leading market position in the Iberian Peninsula. In these two markets, the division consistently pursues its growth strategy as an innovative provider of sustainable heating systems, ranging from modern heat generation and optimal heat transfer to energy storage for all types of buildings and applications, for both the new construction and renovation markets. Contact
End of Media Release |
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: | 1505621 |
End of News | EQS News Service |
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1505621 06.12.2022 CET/CEST
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