October 1, 2013
Industrials and Industrial Technology, Energy
GCA Altium acted as financial adviser to Pluggit International GmbH on its sale to Soler & Palau.
Pluggit offers complete ventilation systems with heat recovery for all residential applications and is ranked #3 in Germany, the biggest European ventilation market, with high growth potential; beside headquarters in Munich it operates branches in Austria and Italy.
Soler & Palau is one of the largest European manufacturers of ventilation fans and air moving appliances, headquartered in Barcelona, Spain.
The transaction strengthens Soler & Palau’s position in the growing German residential ventilation market and enables Pluggit to sell its innovative products via a global sales network.