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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.

 

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