# Wolseley merges Tobler with Walter Meier in Switzerland

Wolseley signed an agreement to merge its Swiss plumbing and heating business Tobler with Swiss HVAC distributor Walter Meier AG. Wolseley will receive CHF 117.8 million cash and a 39.2% stake in the combined entity.

- Type: Acquisition
- Announced: 2017-02-21
- Where: Switzerland, Switzerland
- Value: $117.8M (117.8M CHF)
- Status: announced
- Products: plumbing and heating products, HVAC equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Wolseley](https://endata.com/companies/22353.md)
- [Tobler SAS](https://endata.com/companies/16394.md) (target)
- [Wolseley](https://endata.com/companies/22353.md) (acquirer)
- [Walter Meier AG](https://endata.com/companies/22354.md) (partner)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/wolseley-and-walter-meier-in-swiss-merger/), 2017-02-21: "Wolseley has signed an agreement to merge Tobler, its Swiss plumbing and heating business, with Swiss HVAC distributor Walter Meier AG."
- [inddist.com](https://www.inddist.com/mergers-acquisitions/news/13773631/wolseley-to-merge-swiss-plumbingheating-unit-with-walter-maier), 2017-02-21: "If completed, the merger would be consistent with the strategic objectives of both Wolseley and Walter Meier to create a high quality, market-leading business across plumbing, heating and HVAC distribution in Switzerland."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.