Burkhalter Group completes purchase of Riggenbach AG, Lüftungs- und Klimatechnik
July 06, 2023 at 11:43 am EDT
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Burkhalter Holding AG / Key word(s): Takeover
Burkhalter Group completes purchase of Riggenbach AG, Lüftungs- und Klimatechnik
06-Jul-2023 / 17:40 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
The Burkhalter Group has completed its purchase of Riggenbach AG, Lüftungs- und Klimatechnik, in Olten (canton of Solothurn) and its branches in Brugg (canton of Aargau) and Solothurn (canton of Solothurn). The purchase agreement was signed on 29 June 2023 with effect from today.
Upon signing the purchase agreement on 29 June 2023, the Burkhalter Group announced its acquisition of Riggenbach AG, Lüftungs- und Klimatechnik, in Olten (canton of Solothurn) and its branches in Brugg (canton of Aargau) and Solothurn (canton of Solothurn). Today marks the completion of the transaction. Around 160 employees work at the company's three locations, generating around CHF 40 million in annual sales. All employees will be kept on and the locations will be retained.
As part of its acquisition of all shares in Riggenbach AG, Lüftungs- und Klimatechnik, the Burkhalter Group pledged to pay a portion of the purchase price in listed Burkhalter Holding Ltd registered shares. To this end, 148,774 registered shares are to be generated from the capital band, while disregarding the subscription right of the shareholders. Consequently, Burkhalter Holding Ltd’s Board of Directors will remain in a position to increase the company’s share capital at any time before 15 May 2028 as per the conditions set out in Art. 5A of the Articles of Association by issuing a maximum of 893,792 fully paid-in registered shares (1,042,567 minus the 148,774 newly-created shares). The first trading date for the newly-created registered shares is scheduled for the end of August/beginning of September 2023.
The sellers have agreed not to sell two thirds of the Burkhalter registered shares received from the sale for a period of two years (lock-up agreement). As a result, the registered shares are subject to a prohibition on disposal (blocking period).
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Contact: Burkhalter Holding Ltd
Elisabeth Dorigatti, Head of Corporate Communication, Sustainability and Investor Relations
+41 44 439 36 33 e.dorigatti@burkhalter.chwww.burkhalter.ch/en
Burkhalter Holding AG is a Switzerland-based company engaged in the distribution and installation of electrotechnical and telecommunication engineering systems. It directs its offering at the construction industry. The Company operates through the electric engineering segment, divided into six service areas: Installations, covering the electric installations and systems in residential and commercial properties, as well as industrial plants; Switchboards, providing the development, planning and montage of bespoke switchgears; Services, engaged in the maintenance of the installed systems and installations; Telematics, active in the field of cabling, information technology (IT) networks, client server systems and Voice over Internet Protocol (VoIP) solutions; Automation, which covers the design, planning, programming and implementation of industrial automation processes, and Security, providing security solutions, such as access control, fire protection and video surveillance.
BURKHALTER HOLDING AG 
