Zehnder Group acquires the Spanish company Siber, a leading regional manufacturer of residential ventilation systems

Zehnder Group, a Swiss technology leader in sustainable climate solutions for buildings, announced on July 3, 2024, that it has acquired Siber, a prominent Spanish manufacturer of residential ventilation systems. The acquisition strengthens Zehnder's presence in the Spanish market and broadens its product portfolio in the field of energy-efficient and healthy living solutions for homes.

Siber, based in Spain, has been a key player in the regional market for residential ventilation systems for several years. The company's product range includes mechanical and natural ventilation systems that cater to various housing types and architectural designs. With this acquisition, Zehnder aims to expand its offering in the Spanish market and enhance its position as a comprehensive provider of climate solutions for buildings.

The financial details of the transaction were not disclosed in the press release. However, it is mentioned that the issuer is solely responsible for the content of this announcement. The acquisition is expected to contribute positively to Zehnder's growth strategy and strengthen its market position in Europe.

Zehnder Group is a global leader in sustainable climate solutions for buildings, offering a wide range of products and services for heating, cooling, and ventilation. The company's mission is to create comfortable and energy-efficient living environments while reducing carbon emissions and promoting sustainable living. With this acquisition, Zehnder continues to expand its reach and capabilities in the European market and further solidifies its position as a key player in the building technology industry.

The acquisition of Siber is an important step for Zehnder in its growth strategy and underscores its commitment to providing innovative and sustainable climate solutions for buildings. The combined expertise and resources of both companies are expected to lead to new product developments and improved customer offerings in the Spanish market and beyond.

The acquisition is subject to customary closing conditions and regulatory approvals. Once completed, Siber will become part of the Zehnder Group and will continue to operate under its current brand name. The integration process is expected to begin shortly after the closing of the transaction.

With this acquisition, Zehnder Group continues to expand its presence in Europe and strengthens its position as a comprehensive provider of sustainable climate solutions for buildings. The acquisition of Siber is expected to contribute positively to Zehnder's growth strategy and further solidify its market position in Europe and beyond.