OFFICIAL CLOSING OF DETERING GROUP ACQUISITION
Today BME Group completed the acquisition of the Detering Group, a family-owned Sanitary, Heating & Plumbing (SHAP) merchant operating with 15 branches in Lower Saxony and Bremen, Germany. The intention to acquire this group from the Detering and Dekker families was announced on 1 July, 2020.
The Detering Group’s three brands, Detering, Tebbenjohanns and Rodenburg, complement the BME Group’s existing SHAP business with the Paulsen and Bergmann & Franz brands across Northern and Eastern Germany. With this acquisition, BME Group’s SHAP presence in Germany stretches from the Dutch to the Polish border and it will enable further acquisitions and greenfields. We can now officially welcome our colleagues of the Detering Group to the BME Group and we look forward to the cooperation as part of our SHAP Germany business.
Solid H1 performance despite COVID-19
Strategic initiatives on track Financial results H1 2020 versus H1 2019• Revenue slightly up (+0.4%) to €1,853 million• Normalized EBITDA increased by 3.1% to €124 million• Normalized EBITDA margin increased […]
BME Group announces bolt-on acquisition
BME Group announces that it has reached an agreement, subject to regulatory clearances, to acquire the Detering Group, a family-owned Sanitary, Heating & Plumbing (SHAP) merchant operating 15 branches in […]