Sonepar acquires EHS Switzerland
St.Gallen/Hitzkirch - Sonepar Suisse AG has acquired EHS Switzerland. The move will enable the St.Gallen-based electrical wholesaler to add industrial automation to its portfolio.
Electrical wholesaler Sonepar, which is located in the Swiss canton of St.Gallen, has announced its acquisition of EHS Switzerland. According to a press release, the takeover of the Hitzkirch-based company will allow Sonepar to add industrial automation to its portfolio – a sector in which EHS has played a leading role to date. The two companies believe the merger will enable market growth and create multiple synergy effects, adds the press release.
Ronald Grolimund, one of the previous owners of EHS Switzerland AG, will continue to act as Managing Director of the business. The Hitzkirch site in the canton of Lucerne and EHS’s employees will be retained in the merger.
“The acquisition of EHS Switzerland AG is an important step in our growth strategy,” says David von Ow, Managing Director of Sonepar in Switzerland. “EHS Switzerland has built an excellent reputation for quality and innovation, and we are delighted to be able to take advantage of this expertise. Together, we will be able to offer our customers even more comprehensive and innovative solutions.” ce/ww