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Sauermann Group acquires KGF Group

Sauermann Group, a worldwide leader in the design, manufacture and commercialization of pumps for condensate removal, has acquired (through its French company Sauermann Industrie SA) the French family-owned KGF Group SA, significantly expanding its offer to HVACR professionals.

The financial terms of the deal have not been disclosed.

KGF is made-up of three operational companies: KIMO SA, Taulou SAS and Katrem SARL. They are part of the HVACR industry and active in designing, manufacturing and selling instruments aimed at measuring and controlling indoor air quality. KGF employs around 300 people and achieved revenues of €34m in 2014. Kimo is the most important part of KGF, with almost 85% of the employees and some €30m in 2014. It is the French market leader for measurement instruments.

The transaction, supported by the French investment bank CM-CIC, was concluded and effective on 8 July.

 

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

Carrier offers new CPDs on chiller efficiency

? Carrier is offering three new Continuous Professional Development (CPD) courses focusing on chiller efficiency and compliance in relation to the latest European and UK regulations....

  04-Aug-2020

Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
  27-Jul-2020
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