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Schulthess Maschinen

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uuid000bka5

Namestring
Schulthess Maschinen
Legal namestring
Schulthess Maschinen AG
Websiteurl
schulthess.ch
Company typeenum
Private
Founded yearint
1845
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersBubikon, Switzerland
HQ citystring
Bubikon
HQ countrystring
Switzerland
HQ regionstring
Europe
Markets served

Serves global market

Offices8 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
commercial laundry equipment, industrial washing machines, laundry care appliances, professional dryers, laundry management systems
Industry1 code
1Cleanroom & Controlled-Environment Garment Laundry
CodeHSAJAEAKPrimaryYes
NAICS code1 code
  • Major Household Appliance Manufacturing33522
SIC code1 code
  • Household Appliances3630
Product category
Commercial and Residential Laundry Equipment
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Hardware Sales
TypeHardware Sales
Description

Sale of washing machines, dryers, and laundry equipment for both residential (Homecare) and commercial (Professional) segments. Products include combined washer-dryer towers, industrial washing machines, tumble dryers, ironing systems, and accessories.

schulthess.ch
2Service Contracts
TypeSubscription Recurring
Description

Recurring revenue from service packages including All-in-one packages (comprehensive solution including functional checks, safety inspections, cleaning, disinfection, repairs, wear parts, spare parts, travel time), warranty extensions, and maintenance contracts.

schulthess.ch
3Rental/Financing
TypeManaged Services
Description

Machine rental programs with monthly payments including installation and service over 10-year terms. Examples include Superb 505/605 at CHF 57/month and Spirit ECO at CHF 39/month.

schulthess.ch
4Consumables and Detergents
TypeHardware Sales
Description

Sale of Flow branded detergents and laundry supplies through online shop.

schulthess.ch
5Professional Services
TypeProfessional Services
Description

One-time services including Clean Service (cleaning), Hand-over Service, fault repair, and spare parts sales.

schulthess.ch
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details8 tiers
1All-in-one Package - Single-family home
ModelSubscriptionBilling cadenceAnnual
Notes

CHF 320.85 including VAT - comprehensive solution with functional control, safety inspection, cleaning, disinfection, repairs, wear parts, spare parts, and travel time.

schulthess.ch
2All-in-one Package - Multi-family building
ModelSubscriptionBilling cadenceAnnual
Notes

CHF 427.45 including VAT - comprehensive solution for multi-unit residential buildings.

schulthess.ch
3Warranty Extension - Single-family home
ModelSubscriptionBilling cadenceAnnual
Notes

CHF 162.50 (single payment) or CHF 269.15 (including installation) - extends warranty coverage.

schulthess.ch
4Warranty Extension - Multi-family building
ModelSubscriptionBilling cadenceAnnual
Notes

CHF 269.15 (single payment) - extended warranty for multi-family applications.

schulthess.ch
5Maintenance - Single-family home
ModelSubscriptionBilling cadenceAnnual
Notes

CHF 236.35 including VAT - professional maintenance at fixed price.

schulthess.ch
6Maintenance - Multi-family building
ModelSubscriptionBilling cadenceAnnual
Notes

CHF 236.85 including VAT - professional maintenance for multi-unit buildings.

schulthess.ch
7Superb 505 and 605 Washtower Rental
ModelSubscriptionBilling cadenceMonthly
Notes

CHF 57 per month including installation and service, 10-year contract term. Features include time selection up to 7 days, separate time programs 10-150 minutes, express washing from 25 minutes, cleanJet programs, 15-minute quickwash, favorites for 6 favorite programs, autoclean.

schulthess.ch
8Spirit ECO WA4850 and WT4860 Rental
ModelSubscriptionBilling cadenceMonthly
Notes

CHF 39 per month. Features include 24-hour end-time selection, speed programs, eco programs for energy-saving washing, silent motor, autoclean machine cleaning system, load sensor with partial load detection.

schulthess.ch
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 9 records shown
1washMaster
Description

Digital payment system for communal laundries and laundromats with IoT-enabled machines, offering cloud-based hygiene monitoring and usage reporting.

schulthess.ch
+8 more records
Core offering1 text field

Schulthess Maschinen AG manufactures and sells washing machines, tumble dryers, washer-dryer tower combinations, rotary ironers, and professional ironing/finishing systems for both residential households (Homecare) and commercial customers such as hotels, hospitals, care homes, and industrial laundries (Professional). The company complements its hardware with proprietary digital platforms (washMaster for shared laundry payment and booking, serviceMaster for machine monitoring and predictive maintenance), Flow-branded detergents, accessories, and recurring service/maintenance contracts delivered through a Swiss dealer and service branch network.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Water consumption reduced by 88% compared to standard machines
+3 more records
Product overview1 text field

Schulthess Maschinen AG is a Swiss manufacturer offering a comprehensive portfolio of laundry care products and services. The product line consists of two main segments: Homecare (residential washing machines, dryers, and washer-dryer towers for private households, apartment buildings, and real estate projects) and Professional (commercial and industrial laundry equipment including washing machines, tumble dryers, rotary ironers, ironing systems, and stain removal solutions for hotels, care homes, and industrial laundries). These are complemented by digital platforms including washMaster (digital payment and management system for shared laundries) and serviceMaster (service and hygiene monitoring platform). The One-stop-Shop concept provides complete solutions combining equipment, accessories, detergents, and installation services from a single source. Key product lines include Neostar, Spirit (proLine/topLine/industrial), Titan, Golden, and Superb/Scenic washer-dryer towers, with accessories such as Flow detergents and proprietary technologies like cleanJet, wetClean, and smartHeat.

Product and service1 record
1Residential Washing Machines (Homecare)
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierMinorTypeImplementation/ SI/ Consulting PartnerAnnounced on2023-11-06
Description

Mazars provided comprehensive advisory services for Schulthess's acquisition of Solasa Group, including financial due diligence, tax consulting, IT consulting, and environmental consulting. This acquisition aligned with Schulthess's strategic goals and offered synergy potential.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-01-01
Description

Schulthess acquired Solasa Group which consisted of seven entities in Switzerland. Solasa Group includes brands such as Solasa, Maire, Lavorent, and Wyser, expanding Schulthess's presence in the Swiss laundry market.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

van Baerle AG is Schulthess's professional partner for detachier (stain removal) solutions. They offer professional training in stain removal techniques, a comprehensive range of Detaprofi stain removal products, and cleaning and disinfection solutions for professional laundries.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Wolf Laundry is shown as a partner in the Schulthess Professional ecosystem, distributing or integrating with Schulthess laundry solutions.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Brewer and Bunney is a partner in the Schulthess Professional ecosystem, distributing laundry solutions in the UK market.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

German family-owned manufacturer of premium washing machines, dryers, and dishwashers with strong parallel in commercial/professional laundry equipment (Miele Professional). Comparable Swiss/DACH heritage positioning, premium pricing, and similar dual residential and B2B go-to-market.

TypeDirect peer
Description

Sweden-based dedicated commercial laundry equipment manufacturer serving hotels, healthcare, and laundrettes globally. Directly competes with Schulthess Professional line in industrial washing machines, dryers, and finishing equipment.

TypeDirect peer
Description

Belgian-headquartered specialist in industrial laundry machinery (tunnel washers, pressing/finishing). Closest pure-play peer to Schulthess's professional/industrial laundry equipment portfolio serving hospitals, hotels, and industrial laundries.

TypeDirect peer
Description

Spanish family-owned manufacturer of commercial and industrial laundry equipment with strong presence in European hospitality and healthcare segments. Comparable mid-sized private player competing in the same professional laundry niche.

TypeDirect peer
Description

German manufacturer of industrial laundry and garment processing equipment for hotels, hospitals, and industrial laundries. Comparable professional-only focus with strong European installed base and similar comprehensive workflow solutions.

TypeBroad incumbent
Description

European market leader in home appliances (parent of Bosch, Siemens, Neff brands). Competes with Schulthess Homecare via premium washers/dryers at scale across DACH and Western Europe with larger R&D and distribution budgets.

TypeBroad incumbent
Description

Global home appliance major with washing and drying machines across multiple brands. Competes in residential laundry but lacks the dedicated B2B/professional vertical presence of Schulthess.

TypeDirect peer
Description

Miele's dedicated commercial laundry division - direct competitor to Schulthess Professional, particularly strong in healthcare, hotel, and care home verticals with global service network.

TypeBroad incumbent
Description

Chinese global appliance giant expanding in Europe (with Candy/Hoover brands acquired). Represents scale-driven competitive threat in mid-market and value tiers overlapping with entry-level Schulthess offerings.

TypeBroad incumbent
Description

South Korean multinational offering washing machines and dryers with strong smart/IoT features. Competes in upper tiers with AI-enabled features and broader geographic reach than Schulthess.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers14 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment7 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature10 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries4 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Schulthess Maschinen

Commercial and Residential Laundry Equipmentschulthess.ch

Schulthess Maschinen firmographics

Firmographics
Name
Schulthess Maschinen
Legal name
Schulthess Maschinen AG
Website
https://schulthess.ch
Company type
Private
Founded year
1845
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

Schulthess Maschinen industry classification

Industry
Product category
Commercial and Residential Laundry Equipment
NAICS
Major Household Appliance Manufacturing (33522)
SIC
Household Appliances (3630)
akta.pro primary industry
Cleanroom & Controlled-Environment Garment Laundry (HSAJAEAK)

Keywords

  • Commercial laundry equipment
  • Industrial washing machines
  • Laundry care appliances
  • Professional dryers
  • Laundry management systems

Where Schulthess Maschinen is headquartered

Location

Headquarters

HQ city
Bubikon
HQ country
Switzerland
HQ region
Europe

Offices8 records

Markets served

Schulthess Maschinen business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Hardware Sales: Sale of washing machines, dryers, and laundry equipment for both residential (Homecare) and commercial (Professional) segments. Products include combined washer-dryer towers, industrial washing machines, tumble dryers, ironing systems, and accessories.
  2. Service Contracts: Recurring revenue from service packages including All-in-one packages (comprehensive solution including functional checks, safety inspections, cleaning, disinfection, repairs, wear parts, spare parts, travel time), warranty extensions, and maintenance contracts.
  3. Rental/Financing: Machine rental programs with monthly payments including installation and service over 10-year terms. Examples include Superb 505/605 at CHF 57/month and Spirit ECO at CHF 39/month.
  4. Consumables and Detergents: Sale of Flow branded detergents and laundry supplies through online shop.
  5. Professional Services: One-time services including Clean Service (cleaning), Hand-over Service, fault repair, and spare parts sales.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualAll-in-one Package - Single-family home
SubscriptionAnnualAll-in-one Package - Multi-family building
SubscriptionAnnualWarranty Extension - Single-family home
SubscriptionAnnualWarranty Extension - Multi-family building
SubscriptionAnnualMaintenance - Single-family home
SubscriptionAnnualMaintenance - Multi-family building
SubscriptionMonthlySuperb 505 and 605 Washtower Rental
SubscriptionMonthlySpirit ECO WA4850 and WT4860 Rental

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Schulthess Maschinen product offering

Product offering

Core offering

Schulthess Maschinen AG manufactures and sells washing machines, tumble dryers, washer-dryer tower combinations, rotary ironers, and professional ironing/finishing systems for both residential households (Homecare) and commercial customers such as hotels, hospitals, care homes, and industrial laundries (Professional). The company complements its hardware with proprietary digital platforms (washMaster for shared laundry payment and booking, serviceMaster for machine monitoring and predictive maintenance), Flow-branded detergents, accessories, and recurring service/maintenance contracts delivered through a Swiss dealer and service branch network.

Product overview

Schulthess Maschinen AG is a Swiss manufacturer offering a comprehensive portfolio of laundry care products and services. The product line consists of two main segments: Homecare (residential washing machines, dryers, and washer-dryer towers for private households, apartment buildings, and real estate projects) and Professional (commercial and industrial laundry equipment including washing machines, tumble dryers, rotary ironers, ironing systems, and stain removal solutions for hotels, care homes, and industrial laundries). These are complemented by digital platforms including washMaster (digital payment and management system for shared laundries) and serviceMaster (service and hygiene monitoring platform). The One-stop-Shop concept provides complete solutions combining equipment, accessories, detergents, and installation services from a single source. Key product lines include Neostar, Spirit (proLine/topLine/industrial), Titan, Golden, and Superb/Scenic washer-dryer towers, with accessories such as Flow detergents and proprietary technologies like cleanJet, wetClean, and smartHeat.

Differentiator

Problem solved

Functional benefit

Brands

  • washMaster: Digital payment system for communal laundries and laundromats with IoT-enabled machines, offering cloud-based hygiene monitoring and usage reporting.
  • serviceMaster
  • wash-Q-lator
  • wetClean
  • cleanJet
  • smartHeat
  • Spirit proLine
  • Neostar
  • Flow (detergent brand)

Products and services

  • Residential Washing Machines (Homecare)

Quantifiable outcome

  • Water consumption reduced by 88% compared to standard machines
  • +3 more outcomes

Companies that use Schulthess Maschinen

Customer profile

Named customers14 records

Segments7 records

Ideal customer profiles5 records

Schulthess Maschinen technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature10 records

Schulthess Maschinen partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered minor and core.

  • MazarsminorImplementation/ SI/ Consulting Partner · 6 November 2023Mazars provided comprehensive advisory services for Schulthess's acquisition of Solasa Group, including financial due diligence, tax consulting, IT consulting, and environmental consulting. This acquisition aligned with Schulthess's strategic goals and offered synergy potential.
  • Solasa GroupcoreStrategic or Co-development Partner · 1 January 2023Schulthess acquired Solasa Group which consisted of seven entities in Switzerland. Solasa Group includes brands such as Solasa, Maire, Lavorent, and Wyser, expanding Schulthess's presence in the Swiss laundry market.
  • van Baerle AGcoreStrategic or Co-development Partnervan Baerle AG is Schulthess's professional partner for detachier (stain removal) solutions. They offer professional training in stain removal techniques, a comprehensive range of Detaprofi stain removal products, and cleaning and disinfection solutions for professional laundries.
  • Wolf LaundryminorChannel Partner/ Reseller/ DistributorWolf Laundry is shown as a partner in the Schulthess Professional ecosystem, distributing or integrating with Schulthess laundry solutions.
  • Brewer and BunneyminorChannel Partner/ Reseller/ DistributorBrewer and Bunney is a partner in the Schulthess Professional ecosystem, distributing laundry solutions in the UK market.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Schulthess Maschinen competitors and assessment

Company assessment

Direct peers

  • Miele: German family-owned manufacturer of premium washing machines, dryers, and dishwashers with strong parallel in commercial/professional laundry equipment (Miele Professional). Comparable Swiss/DACH heritage positioning, premium pricing, and similar dual residential and B2B go-to-market.
  • Electrolux Professional: Sweden-based dedicated commercial laundry equipment manufacturer serving hotels, healthcare, and laundrettes globally. Directly competes with Schulthess Professional line in industrial washing machines, dryers, and finishing equipment.
  • Jensen Group: Belgian-headquartered specialist in industrial laundry machinery (tunnel washers, pressing/finishing). Closest pure-play peer to Schulthess's professional/industrial laundry equipment portfolio serving hospitals, hotels, and industrial laundries.
  • Girbau: Spanish family-owned manufacturer of commercial and industrial laundry equipment with strong presence in European hospitality and healthcare segments. Comparable mid-sized private player competing in the same professional laundry niche.
  • Kannegiesser: German manufacturer of industrial laundry and garment processing equipment for hotels, hospitals, and industrial laundries. Comparable professional-only focus with strong European installed base and similar comprehensive workflow solutions.
  • Miele Professional (separate sub-brand): Miele's dedicated commercial laundry division - direct competitor to Schulthess Professional, particularly strong in healthcare, hotel, and care home verticals with global service network.

Broad incumbents

  • BSH Hausgeräte (Bosch): European market leader in home appliances (parent of Bosch, Siemens, Neff brands). Competes with Schulthess Homecare via premium washers/dryers at scale across DACH and Western Europe with larger R&D and distribution budgets.
  • Whirlpool Corporation: Global home appliance major with washing and drying machines across multiple brands. Competes in residential laundry but lacks the dedicated B2B/professional vertical presence of Schulthess.
  • Haier Smart Home: Chinese global appliance giant expanding in Europe (with Candy/Hoover brands acquired). Represents scale-driven competitive threat in mid-market and value tiers overlapping with entry-level Schulthess offerings.
  • LG Electronics (Home Appliance): South Korean multinational offering washing machines and dryers with strong smart/IoT features. Competes in upper tiers with AI-enabled features and broader geographic reach than Schulthess.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Schulthess Maschinen social profiles

Digital presence

Schulthess Maschinen financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Schulthess Maschinen leadership team

Management profile

Number of profiles

Schulthess Maschinen subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

Schulthess Maschinen funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Schulthess Maschinen M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schulthess Maschinen

What does Schulthess Maschinen do?

Schulthess Maschinen AG manufactures and sells washing machines, tumble dryers, washer-dryer tower combinations, rotary ironers, and professional ironing/finishing systems for both residential households (Homecare) and commercial customers such as hotels, hospitals, care homes, and industrial laundries (Professional). The company complements its hardware with proprietary digital platforms (washMaster for shared laundry payment and booking, serviceMaster for machine monitoring and predictive maintenance), Flow-branded detergents, accessories, and recurring service/maintenance contracts delivered through a Swiss dealer and service branch network.

Is Schulthess Maschinen a public or private company?

Schulthess Maschinen is a private company. It is classified as family owned and is currently operating.

When was Schulthess Maschinen founded?

Schulthess Maschinen was founded in 1845. It employs 101 to 250 people.

Where is Schulthess Maschinen based?

Schulthess Maschinen is headquartered in Bubikon, Switzerland, in the Europe region.

How does Schulthess Maschinen make money?

Five revenue lines are on record. Hardware Sales are the primary driver. The others are service Contracts, rental/Financing, consumables and Detergents and professional Services.

Who are Schulthess Maschinen's main competitors?

Direct peers on record are Miele, Electrolux Professional, Jensen Group, Girbau, Kannegiesser and Miele Professional (separate sub-brand). Broad incumbents are BSH Hausgeräte (Bosch), Whirlpool Corporation, Haier Smart Home and LG Electronics (Home Appliance).

Does Schulthess Maschinen have an API?

No public API is recorded for Schulthess Maschinen.

What industry is Schulthess Maschinen in?

Schulthess Maschinen's product category is Commercial and Residential Laundry Equipment. Its primary akta.pro industry code is HSAJAEAK, Cleanroom & Controlled-Environment Garment Laundry. Its NAICS code is 33522 and its SIC code is 3630.

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Live signals
NzzMujinga Kambundji: Wenn Düfte Erfolg bedeutenSwiss sprinter Mujinga Kambundji collaborated with home appliance manufacturer Schulthess to co-develop a new scented sports detergent named FLOW speedUp. The partnership highlights shared values of sustainability and performance, with the product featuring eco-friendly ingredients like no palm oil and biodegradable scent molecules. Schulthess also promoted its specific washing machine models tailored for different household needs alongside the athlete's endorsement.Shropshire StarShropshire law firm advises on major multinational acquisitionShrewsbury-based law firm Aaron & Partners advised Armstrong France on the sale of its wholly owned subsidiary Armstrong France SAS to Swiss laundry company Schulthess Maschinen. The deal, completed for an undisclosed sum, gives Schulthess a network of around 400 Wash 'n' Dry Concept laundrette sites with nearly 1,200 machines across France, including direct operations in Saint-Germain-Laprade employing approximately 20 people. The acquisition forms part of Schulthess's European expansion strategy and marks a strategically significant cross-border transaction involving UK, Swiss, and French advisers.ForvismazarsMazars advised Schulthess Maschinen AG on its acquisition of Solasa Group, a leading supplier of household appliancesMazars advised Schulthess Maschinen AG on its acquisition of Solasa Group, a leading supplier of household appliances. The transaction involved seven entities located in Switzerland and was pursued to align product portfolios and realize synergy potentials.SdmRaiffeisen Switzerland advised Schulthess Maschinen AG on the acquisition of Solasa GroupRaiffeisen Switzerland advised Schulthess Maschinen AG on the acquisition of Solasa Group. The acquisition signifies a strategic move for Schulthess Maschinen AG to expand its operations.GlobeNewswireThe NIBE Group is divesting Schulthess Maschinen AG and becomes the majority shareholder in a new ownership structureNIBE Group is divesting 100% of Schulthess Maschinen AG for 150 MCHF to a new holding company, retaining a 51% stake for at least three years. The cash-free, debt-free deal strengthens NIBE's cash position by over 100 MCHF and is completed in August 2019.GlobeNewswireNIBE acquires 31% of the shares in Schulthess and launches a voluntary public tender offer for the remaining shares, recommended by the Board of Directors of SchulthessNIBE acquired 31.13% of Schulthess and launched a voluntary tender offer for the remaining shares at CHF 60 per share, recommended by Schulthess's board. The deal creates a leading European sustainable energy provider, with expected annual EBIT synergies of SEK 82 million, fully realized by 2013.