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THERMADOR GROUPE (EPA:THEP) - Thermador groupe - Acquisition of Vortice France's business

Transparency directive : regulatory news

29/12/2017 13:00

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Press Release

Saint-Quentin-Fallavier - December 29, 2017 - 1pm

Acquisition of Vortice France's business

Axelair, a subsidiary of Thermador Groupe, has purchased the business of
Vortice France based in Créteil for EUR850,000 from its main industrial
partner, Vortice located in Tribiano, Milan in Italy. The sale was made fully
in cash.

In 2016, Vortice France reported a turnover of EUR1.8m. It currently employs 6
people. Axelair reported turnover of EUR1.9m in the first three quarters of
2017 with a headcount of 6.
This commercial and logistics merger of 2 organisations will allow the new,
strengthened team to monitor and develop sales of Vortice products in a
coherent manner via 4 main French market distribution channels: trade in
electrical equipment and heating and sanitation equipment, e-commerce and OEM.

Vortice is a multinational group specialised in the design, manufacture and
distribution of equipment in the fields of ventilation, air treatment, heating
and air conditioning. The company employs 300 people throughout the world and
operates in Europe, Asia and South America.

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