SIG PLC ACQUIRED PROFANT LUFTTECHNIK HANDELSGMBH
SIG plc, the leading European specialist solutions provider to the construction industry, announces that it has acquired Profant Lufttechnik HandelsgmbH.
The acquisition of Profant Lufttechnik supports SIG’s strategy to grow its Air Handling operations across Europe. This acquisition will enhance SIG’s customer proposition by extending its product and system offering, including in attractive areas of car park and tunnel ventilation, stair case ventilation systems, plus new service capabilities.
The existing management team of Profant Lufttechnik will remain with the business to deliver the continued growth and development of the company.
Lex Hemels, Managing Director of SIG Air Handling:
‘We are extremely pleased that Profant Lufttechnik will be joining SIG, and we look forward to partnering with the management team to grow the business together. The acquisition of Profant Lufttechnik will start our Air Handling offering in Austria, and provides opportunities for growth in other SIG geographies.’
About Profant Lufttechnik
Profant Lufttechnik is a distributor and manufacturer of premium air handling systems and the market leader in Austria for car park ventilation and smoke exhaust systems.
Profant is both high margin and high value add, with a one-stop-shop offering to the installer that includes consultation, design, assembly, testing and aftersales services.
René Profant, Managing Director of Profant Lufftechnik: ‘After 35 successful years as a “lone wolf” in the Austrian market we are glad to be part of the big “family” SIG Air Handling. We are looking forward to an exciting future with new surroundings... Larger team, more innovation and new products will provide us with better opportunities in the market – let`s do it!’
About SIG plc
SIG is the leading European provider of specialist solutions to the construction industry.
The Group has a product and service offering of significant scale with strong positions in its four core product areas of Exteriors, Interiors, Insulation and Air Handling. SIG operates from over 660 trading sites across the UK and Ireland, Mainland Europe and the Middle East. SIG is a FTSE 250 company listed on the London Stock Exchange, with annual revenues of £2.6 billion and over 9,000 employees.
For more information visit: http://www.sigplc.com/