The Franke Group has successfully completed the acquisition of the WESCO Group, a premium provider of extractor hoods and ventilation systems in Switzerland and Germany, announced in September. The relevant competition authorities have approved the transaction. WESCO will be run as an independent unit under the leadership of Barbara Borra and will complement and strengthen the offering of Franke Home Solutions, a division of the Franke Group.
Barbara Borra, President/CEO of Franke Home Solutions: “We are very satisfied with the quick completion of the transaction and look forward to the integration of the WESCO Group. Together with the WESCO and berbel teams, we will focus on continuing to unite the customer “To provide first-class service and to expand existing relationships, this acquisition strengthens our offer in the extractor hood market both geographically and strategically and, above all, allows us to gradually achieve a leading position in Germany and Switzerland.”
Die Franke group headquartered in Aarburg, Switzerland, is a leading global manufacturer and provider of solutions and equipment for household kitchens as well as for professional system catering and coffee preparation. The company has a global presence and employs around 7,700 people in 35 countries. Net sales are approximately 2.42 billion Swiss francs. Franke Group belongs to the Artemis Group, Switzerland. More information at franke.com.
Franke Home Solutions is a division of the Franke Group and the world’s leading provider of intelligent systems and solutions for private kitchens. The division operates worldwide and generates net sales of 932 million Swiss francs with around 4,200 employees in over 30 countries. The product range covers all areas in the kitchen and goes beyond – from preparation and cooking to cleaning and disposal through to air treatment. Franke Home Solutions offers an unrestricted living experience – simple, hygienic and environmentally friendly. More information at franke.com.
Founded in 1962 WESCO Group headquartered in Wettingen, Switzerland, is a leading company specializing in extractor hoods and ventilation systems for kitchens, homes, offices and schools. With around 280 employees at locations in Switzerland (WESCO AG), Germany (berbel Ablufttechnik GmbH) and Italy (Createc srl), the group will generate net sales of 97 million Swiss francs in 2023. WESCO stands for high-quality extractor hoods and ventilation solutions “made for Switzerland”, Berbel impresses with innovative products “made in Germany”. The WESCO Group combines outstanding expertise in ventilation and design and stands for the highest quality, efficiency and innovation.
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