Walter Meier Is Expanding into Denmark |
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WMH Tool Group
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Press release date: February 9, 2011
Schwerzenbach, February 9, 2011 - The climate and manufacturing technology group Walter Meier is expanding its market presence in humidification into Denmark and, effective immediately, is acquiring its distribution partner of many decades, Anderberg Fugstyring A/S.
Walter Meier is the world's leading manufacturer of humidification systems for commercial buildings and is pursuing a growth strategy aimed at directly serving its target markets. Says Silvan G.-R. Meier, CEO, "Although our established brands Condair and Defensor are already market leaders in Denmark, we see additional potential for growth in becoming directly involved in the market. Further, we will expand our presence in direct room humidification with our Draabe products."
Anderberg has been a successful distribution partner of Walter Meier for over 45 years. In 2010, Anderberg achieved annual sales of over CHF 2 million and employed eight staff, who will all keep their positions. In addition, the current owner and general manager, Claus Frykman, has kindly agreed to make his services available to Walter Meier.
Further information
Patrick Bossart,
Head of Corporate Communications
+41 44 806 49 40,
corporate.communications@waltermeier.com
Key dates
February 22, 2011: Media and Financial Analyst's Conference
March 15, 2011: Annual Shareholder's Meeting
August 16, 2011: Half year report 2011
Walter Meier is an international climate and manufacturing technology group. The company was founded in 1937 in Zurich (Switzerland) and today does business in more than 70 countries. Its 1600 employees generate sales of approximately CHF 650 million. Walter Meier puts great emphasis on customer-specific solutions and comprehensive support services. Shares in Walter Meier are listed on the SIX Swiss Exchange (symbol WMN).
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