Zehnder Group acquires the Spanish company Siber, a leading regional
manufacturer of residential ventilation systems

Zehnder Group AG / Key word(s): Takeover
Zehnder Group acquires the Spanish company Siber, a leading regional
manufacturer of residential ventilation systems

03-Jul-2024 / 06:59 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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  * Zehnder strengthens its residential ventilation business in line with
    its strategy by acquiring Siber in Spain

  * Complementary geographical presence and strong strategic fit in terms of
    customers and products

* Siber expects sales of around EUR 37 million for the 2024 financial year

* Closing expected to take place in the coming weeks

Graenichen (CH), 3 July 2024: Zehnder Group (SIX: ZEHN), a leading
international provider of complete solutions for a comfortable,
energy-efficient and healthy indoor climate, acquires Siber for a purchase
price of approximately EUR 86 million. Zehnder Group has a unique
opportunity to strengthen its position with a leading company in the
residential ventilation sector in Spain and Portugal. Siber's attractive
product portfolio is ideally suited to southern European customer needs and
covers the mid-price segment. This will help Zehnder Group to strengthen its
growth in Spain, Portugal, as well as other southern European countries, in
line with Zehnder's strategy. The transaction was financed with existing
credit lines and liquid funds. Closing is expected to take place in the
coming weeks.

"The acquisition of Siber marks another milestone in the targeted expansion
of our regional residential ventilation business. The complementary nature
of customers and products, together with regional strength and a strong
capacity for innovation, make Zehnder and Siber a perfectly complementary
combination," said Matthias Huenerwadel, CEO of Zehnder Group. "We warmly
welcome the 120 new colleagues to Zehnder Group and look forward to
realizing the joint growth potential."

For the 2024 financial year, Siber expects sales of around EUR 37 million,
with an EBIT margin on a par with Zehnder Group's ventilation segment.
Siber's focus is on complete ventilation systems for new buildings. The
company has broad market access in Spain and Portugal.

Next dates to note

   Six-month Report 2024                                   26 July 2024
   Sales announcement 2024                                 17 January 2025
   Annual Report 2024 and Media/Analyst Conference 2025    26 February 2025
   Annual General Meeting 2025                             3 April 2025

Contact

René Grieder
Member of the Group Executive Committee, CFO
Zehnder Group AG, 5722 Gränichen (Switzerland)
T +41 62 855 15 21, rene.grieder@zehndergroup.com

Alexander Kamb
Senior Manager Investor Relations & Communications
Zehnder Group AG, 5722 Gränichen (CH)
T +41 62 855 15 36, alexander.kamb@zehndergroup.com

This media release is published in German and English. The German version is
binding. For further information about the Zehnder Group, please visit
www.zehndergroup.com.

Company profile

Zehnder Group provides worldwide leading solutions for a comfortable,
energy-efficient and healthy indoor climate. The products and services of
the Group include heating, cooling, indoor ventilation and air cleaning. The
Group develops and manufactures its products at its own factories in Europe,
China, and North America. In the financial year of 2023, the Zehnder Group
had about 3500 employees and achieved sales of EUR 762 million. The company
is listed on the SIX Swiss Exchange (symbol: ZEHN, number: 27 653 461). The
unlisted registered shares B are held by Graneco AG, which is controlled by
the Zehnder families.

Cautionary note regarding forward-looking statements

This media release may contain certain forward-looking statements relating
to Zehnder Group's future business, development, and economic performance.
Such statements may be subject to a number of risks, uncertainties and other
important factors, such as but not limited to force majeure, competitive
pressures, legislative and regulatory developments, global, macroeconomic
and political trends, Zehnder Group's ability to attract and retain the
employees that are necessary to generate revenues and to manage its
businesses, fluctuations in currency exchange rates and general financial
market conditions, changes in accounting standards or policies, delay or
inability in obtaining approvals from authorities, technical developments,
litigation or adverse publicity and news coverage, each of which could cause
actual development and results to differ materially from the statements made
in this media release. Zehnder Group assumes no obligation to update or
alter forward-looking statements whether as a result of new information,
future events or otherwise.


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End of Inside Information

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   Language:       English
   Company:        Zehnder Group AG
                   Moortalstrasse 1
                   5722 Gränichen
                   Switzerland
   Phone:          +41 62 855 15 21
   E-mail:         investor-relations@zehndergroup.com
   Internet:       www.zehndergroup.com
   ISIN:           CH0276534614
   Listed:         SIX Swiss Exchange
   EQS News ID:    1938359

End of Announcement EQS News Service
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1938359 03-Jul-2024 CET/CEST