Zehnder Group Accelerates Shift to Climate Systems Leadership

Zehnder Group AG has announced a strategic transformation to strengthen its position in the indoor climate systems market. Key measures include consolidating radiator production in France and repurposing its Graenichen site in Switzerland into a competence center.

This transformation involves significant changes, including the reduction of up to 50 production jobs in Graenichen, partially offset by the expansion of service and maintenance operations. The move incurred one-off costs of EUR 20.0-25.0 million.

The adjustments align with declining demand for radiators due to the growth of underfloor heating. However, Zehnder plans to invest in innovation to bolster its market leadership in energy-efficient, healthy indoor climate systems.

Further restructuring, including the sale of its Climate Ceiling Solutions business and strategic acquisitions like Siber in Spain, underscores Zehnder's shift from a production-focused model to a provider of sophisticated system solutions.