The Franke Group has successfully completed the acquisition of the WESCO Group, a premium supplier of extractor hoods and ventilation systems in Switzerland and Germany, which was announced in September. The relevant competition authorities have approved the transaction. WESCO will be managed as a separate entity under the leadership of Barbara Borra and will complement and strengthen the portfolio of Franke Home Solutions, a division of Franke Group.
Barbara Borra, President/CEO of Franke Home Solutions, says: 'We are very pleased with the swift completion of the transaction and look forward to the integration of the WESCO Group. Together with the teams of WESCO and berbel, we will continue to focus on delivering first-class service to customers and building on existing relationships. This acquisition strengthens our offering in the market for extractor hoods geographically and strategically and, above all, offers us the opportunity to gradually achieve a leading position in Germany and Switzerland.'
Franke Group, headquartered in Aarburg, Switzerland, is a leading global manufacturer and provider of solutions and equipment for domestic kitchens as well as for the professional foodservice sector and coffee preparation. The company is present worldwide and employs around 7,700 people in 35 countries. Net sales amount to approximately 2.42 billion Swiss franc. Franke Group is owned by Artemis Group, Switzerland.
About Franke
Franke Home Solutions is a division of Franke Group and the world's leading provider of intelligent systems and solutions for the private kitchen. The division is active worldwide and employs around 4,200 people in over 30 countries, generating net sales of 932 million Swiss franc. The product range covers all areas in the kitchen – from food preparation and cooking to disposal, cleaning and air treatment, expanding towards the entire home. Franke Home Solutions offers the consumer an unlimited home experience – simple, hygienic and environmentally friendly.
Founded in 1962 and headquartered in Wettingen, Switzerland, WESCO Group is a leading company specialising 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 reported annual net sales of 97 million Swiss franc in 2023. WESCO stands for high-quality extractor hoods and ventilation solutions 'made for Switzerland' and berbel for innovative products 'made in Germany'. WESCO Group combines outstanding expertise in ventilation and design and stands for the highest quality, efficiency and innovation.
More information:
Franke
www.franke.com