THERMADOR GROUPE : Acquisition of Sodeco Valves

ID: 1519436
recent pressrelease next pressrelease

(Thomson Reuters ONE) -

Acquisition of Sodeco Valves

As part of its strategy to develop its international and industrial valve
business, Thermador Groupe purchased 81.76% of the shares in the company Sodeco
Valves based in Ternat (Brussels) on 31/08/2017 for a total of ?8.176m. The
remaining shares will be purchased on 01/12/2017 for ?1.824m. All Sodeco Valves''
shares will be paid for in cash, from our own resources.

Sodeco Valves sells a wide range of valves and accessories to industry for fluid
circulation and control.  As well as a solid foothold in Belgium and in Holland,
it is also commercially present in France, Germany and Switzerland. Its
positioning will be crucial to conquering currently inaccessible markets via
industrial and international buyers potentially needing delivery of our products
in under four hours.

As part of Thermador group, Sferaco, Sectoriel, Thermador International and
Sodeco Valves now constitute a very appealing grouping for manufacturers who
rely on their commercial partners to take market share, commit to holding stock,
and offer great operational efficiency and long-term relationships.

Sodeco Valves, Thermador group''s 13(th) commercial subsidiary, reported turnover
of ?22.3m in 2016 with a headcount of 48.  Its EBITDA was ?0.9m and net profit
?0.2m.  Its adjusted net debt on December 31, 2016 was ?4.5m. Dieter De Cock,
who co-founded Sodeco Valves in 1989, will remain Managing Director.  Aged 54,
he has taken up a new professional challenge within Thermador group with the
firm desire to grow and utilize operational, commercial and financial
synergies.  He will report directly to Lionel Monroe, responsible for drawing up
and implementing Thermador Groupe''s international development strategy.

Also, and in keeping with that same strategy, we are sticking to the objective

of completing the acquisition of the company FGinox before the end of September
(cf: our shareholders'' letter n°86).


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: THERMADOR GROUPE via GlobeNewswire

More information:

Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: hugin
print pressrelease  send to a friend  

Date: 08/31/2017 - 11:40
Language: English
News-ID 1519436
Character count: 2687
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Saint Quentin Fallavier Cedex


Number of hits: 272


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 58

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.