A+ R A-

PRESS RELEASE: SIG acquires HC Groep




SIG plc, the leading European specialist solutions provider to the construction industry, announces that it has acquired HC Groep B.V.  HC Groep is a specialist Air Handling systems provider based in the Netherlands and the UK, with a turnover of €45m.
 
The acquisition of HC Groep supports SIG’s strategy to grow its Air Handling operations across Europe. This acquisition will enhance SIG’s customer proposition by extending its product and system offering, including in attractive areas of climate ceilings and car park and tunnel ventilation, plus new service capabilities. This acquisition is complementary to SIG’s existing Air Handling operations in the Netherlands and the UK, including Air Trade Centre and previously acquired businesses Inatherm and SK Sales.
 
The existing management team of HC Groep will remain with the business to deliver the continued growth and development of the company.
 
Lex Hemels, Managing Director of SIG Air Handling said, ‘We are extremely pleased that HC Groep will be joining SIG, and we look forward to partnering with the management team to grow the business together. The acquisition of HC Groep will enhance our existing Air Handling offering in the Netherlands and the UK, and provides opportunities for growth in other SIG geographies.’
 
Peter Verschoor, CEO of HC Groep commented, ‘This is a unique opportunity to strengthen along with SIG through synergies between the different business units, and to further develop future indoor climate solutions’.

About SIG plc
SIG is the leading European provider of specialist solutions to the construction industry. The Group has a product and service offering of significant scale with strong positions in its four core product areas of Exteriors, Interiors, Insulation and Air Handling. SIG operates from over 660 trading sites across the UK and Ireland, Mainland Europe and the Middle East. SIG is a FTSE 250 company listed on the London Stock Exchange, with annual revenues of £2.6 billion and over 9,000 employees.

About HC Groep
HC Groep is comprised of five individual businesses in the Netherlands and the UK, each with its own specialism, including climate control, climate ceilings, air treatment equipment, ventilation systems for car parks and tunnels and air distribution and control technology. 

For more information contact:
Lex Hemels (CEO, SIG AIR HANDLING) -   This e-mail address is being protected from spambots. You need JavaScript enabled to view it  / Peter Verschoor (CEO, HC GROEP) -  This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Websites:                                                       
www.sigplc.com / www.airtradecentre.com