Vaillant, a leading German company in the air conditioning sector, with a workforce of more than 17,000 employees and an annual turnover of around € 3.7 billion, has acquired 100% of the shares of Vaigas, company responsible for the technical service and maintenance of Vaillant equipment in the geographical area of Guipúzcoa.
The acquisition is part of Vaillant’s strategy of integrating technical and maintenance service in Spain. The operation will allow Vaillant to strengthen its presence in Guipúzcoa, where Vaigas has a strong market penetration.
The PKF Attest financial and legal team has advised the sellers throughout the sale process, which has included the valuation and structure of the transaction together with the negotiation of its terms and conditions.”
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