Franke Group Acquires Wesco Group
Switzerland: Swiss manufacturer Franke Group has acquired high-end cooker hood and ventilation manufacturer Wesco Group for an undisclosed amount. Wesco Group, based in Wettingen, Switzerland, includes Wesco AG, which produces kitchen extractor hoods and air filtration systems for homes, schools, and offices, and Berbel Ablufttechnik, serving the German market.
Founded in 1962, Wesco Group has 280 employees and reported net sales of CHF 97 million in the 2022/2023 financial year. Following the acquisition, Wesco Group will join Franke Home Solutions, a division of Franke Group, which employs approximately 4,200 people across 30 countries and generates net sales of CHF 932 million (USD 1100 million). The acquisition is pending approval from the relevant competition authorities. Franke Group aims to strengthen its position in the extractor hood market, particularly in Germany and Switzerland, through this acquisition.
Source: Franke
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