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THERMADOR GROUPE (EPA:THEP) - Acquisition of the company Groupe Valfit

Transparency directive : regulatory news

28/12/2017 17:45

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Press Release

Saint-Quentin-Fallavier - December 28, 2017 - 5.45pm

Acquisition of the company Groupe Valfit

On December 28, 2017, Sferaco, a Thermador Groupe subsidiary, completed the
acquisition of 100% of the company Groupe Valfit's shares for EUR7.6m cash.
Groupe Valfit is based in Bussy Saint-Georges. The company sells a targeted
range of connectors, meters and valves to specialised wholesalers, offering the
perfect complement to Sferaco's product range for construction and industry.

In 2016, Groupe Valfit reported turnover of EUR5.9m, EUR0.5m EBIDTA and EUR0.4m
net profit. Its net cash position on December 31, 2016 was EUR1.2m.

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