Uponor acquired Zent-Frenger
Zent-Frenger Gesellschaft für Gebäudetechnik mbH. Zent-Frenger develops, manufactures, and markets heating and cooling as well as geothermal technology
solutions mainly for the public and commercial sectors of the market. With annual net sales of over 20 million, the company is one of the German market
leaders in its field.
With this acquisition, Uponor aims to strengthen its position within the commercial and public building sectors in Germany, the company's single most
significant market. According to Uponor estimates, the demand for radiant cooling, in particular, is mounting in building construction, simultaneously
with increasing demands set for air quality in both residential and non-residential indoor environments. The Zent-Frenger deal will bring onboard
new technology and new project and supply chain expertise, meeting Uponor's strategic needs, as well as a new range of product offerings - for instance,
for renovation and refurbishment - that Uponor can benefit from in Germany and in other markets.
In addition to the present share transaction, it has been agreed that Uponor can purchase the remainder of the company's shares in 2012. The closing of the
transaction is still subject to the approval of the German competition office. The parties have further agreed that no other details are to be disclosed.
The sellers are Zent-Frenger Holding GmbH and its private shareholders Fritz Nüssle and Torsten Werklund. Nüssle will continue as managing director of the
acquired entity. ZentFrenger has its main offices in Heppenheim, roughly 70 km south of Frankfurt. It employs a staff of 100 and has an extensive network of
co-operation partners, throughout Europe.
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