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THERMADOR GROUPE (EPA:THEP) - Thermador Groupe : acquisition project of Thermacome company

Transparency directive : regulatory news

03/02/2020 08:00

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Press release

Saint-Quentin-Fallavier - February 3, 2020 - 8am

A firm offer for the acquisition of 100% of the shares of THERMACOME based in
Saint James (Manche county, France) has been tabled by THERMADOR GROUPE and
accepted by ACOME. THERMACOME is specialised in conception, thermal engineering
and distribution of sanitation water pipework systems and heating and thermal
comfort in buildings. It is in the same markets as PBtub (THERMADOR GROUPE
subsidiary), with highly complementary know-how and development projects, both
in terms of clientele and market segment. In 2018 THERMACOME reported turnover
of EUR20.2m and EUR613,000 operating profit.
The project includes keeping the Saint-James site and the skills associated
with it, and developing a close, long-standing partnership for the supply of
PER tubes by ACOME, manufactured in their Mortain plant (Manche county,
France).
THERMADOR GROUPE and ACOME plan to finalise this operation before the end of
the first half of 2020.

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