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InstallatørGruppen Buys Swiss Plumbing Specialist Steinmann Haustechnik

BullishLow impact
IGDKK 11.31 1.62%

InstallatørGruppen A/S (OMXCOP:IG) has acquired Steinmann Haustechnik AG, a plumbing and heating installation firm based in Baar, Switzerland. The deal adds a regional specialist with annual revenues exceeding CHF 12 million (DKK 96 million) to the group. Founded in 1881, Steinmann Haustechnik AG will continue operating under its existing brand and leadership, led by fifth-generation owner-manager Philippe Steinmann alongside Head of Administration Katja Steinmann.

The acquisition expands InstallatørGruppen's operational footprint in Central Switzerland, bringing its total count of Swiss group members to six companies. Including a pending deal in Denmark subject to regulatory approval, this transaction brings InstallatørGruppen's total portfolio to 50 acquisitions across Denmark and Switzerland. The transaction aligns with the group's strategy of pairing local entrepreneurship with broader corporate resources.

InstallatørGruppen confirmed that the acquisition will not alter its financial outlook for 2026, which was most recently verified in its first-half interim report. Investors will watch for the completion of the pending Danish transaction and the ongoing integration of regional technical service providers across the platform.

Key points

  • InstallatørGruppen acquired Swiss plumbing and heating firm Steinmann Haustechnik AG, bringing its total Swiss subsidiaries to six.
  • Steinmann Haustechnik AG generates over CHF 12 million in annual revenue and has operated for more than 140 years.
  • The business will retain its name and management under owner-manager Philippe Steinmann.
  • InstallatørGruppen reaffirmed its financial guidance for 2026 following the transaction.

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Questions and answers

What did InstallatørGruppen acquire in Switzerland?

InstallatørGruppen acquired Steinmann Haustechnik AG, a plumbing and heating installation business headquartered in Baar with over CHF 12 million in annual revenue.

Will Steinmann Haustechnik AG change its name or leadership?

No, the company will continue to operate under its own name and remain led by fifth-generation owner-manager Philippe Steinmann and Katja Steinmann.

Does the acquisition change InstallatørGruppen's 2026 financial outlook?

No, InstallatørGruppen confirmed that the acquisition leaves its 2026 financial guidance unchanged.