The Zurich construction equipment manufacturers Poenina and Burkhalter announced on Wednesday that they had entered into talks with a view to a merger. The two companies plan to deliver an update on the progress of discussions at the end of March.
The planned merger is motivated by the expected demand in building technology induced by the Confederation’s 2050 energy strategy, which notably provides for the halving of the energy consumption of the current building stock.
If successful, the merger will create a group whose operating income would amount to nearly 800 million francs, and the workforce to 4,600 full-time equivalents (FTE) spread over more than 140 sites in Switzerland and Liechtenstein. , specify the two companies listed on the Swiss Stock Exchange in a press release.
The structures of the two companies, “already similar in their organization”, should be maintained, as well as all the workstations. As long as the various required examinations can be carried out in time, the two future partners intend to take stock on March 31, the date on which they both plan to publish their annual results.
If the negotiations are successful, the shareholders of Poenina will be called upon to decide on May 30, and those of Burkhalter a day later.
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