Franke Group acquires WESCO Group

Niederer Kraft Frey advised the Franke Group on the acquisition of the WESCO Group. The closing is subject to regulatory approval.

The Franke Group, headquartered in Aarburg, Switzerland, is a leading global manufacturer and supplier of solutions and equipment for domestic kitchens, professional kitchens and coffee preparation. The company has a global presence and employs around 7’700 people in 35 countries. Net sales total approximately CHF 2.42 billion.

Founded in 1962 and headquartered in Wettingen, Switzerland, the WESCO Group is a leading family business specialising in extractor hoods and ventilation systems for kitchens, homes, offices and schools. With around 280 employees at locations in Switzerland, Germany and Italy, the Group generates net sales of approximately CHF 97 million.

The NKF team was led by Corporate/M&A partner Patrik Peyer, working with associate Alexander Göbel (Corporate/M&A), partner Nicolas Birkhäuser and associate Lukas Poschung (both Competition Law) and senior associate Sven Kälin (Tax).