M&A Deal Summary

Franke Holding AG Acquires Nokite

On December 3, 2024, Franke Holding AG acquired consumer products company Nokite from KWC Group

Acquisition Highlights
  • This is Franke Holding AG’s 1st transaction in the Consumer Products sector.
  • This is Franke Holding AG’s 1st transaction in China.

M&A Deal Summary

Date 2024-12-03
Target Nokite
Sector Consumer Products
Buyer(s) Franke Holding AG
Sellers(s) KWC Group
Deal Type Divestiture

Target

Nokite

Guangdong, China
Nokite engages in design, production and sales of stainless-steel faucet and accessories for kitchen and bathroom, applying highest quality standard. Nokite was founded in 2000 and is based in Guangdong, China.

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Buyer(S) 1

Buyer

Franke Holding AG

Aarburg, Switzerland

Category Company
Founded 1911
Sector Building Materials
DESCRIPTION

Franke Holding AG is a provider of products and solutions for residential kitchens and bathrooms, professional foodservice, coffee preparation and semi-/public washrooms. Franke Holding AG was established in 1911 and is based in Aarburg, Switzerland.


DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 KWC Group

Unterkulm, Switzerland

KWC Group is a designer and manufacturer of fittings and accessories for residential and commercial kitchens, bathrooms and washrooms. KWC Group, formerly a division of Franke Group, is made up of three segments KWC Home, Professional and Medical. KWC Group has an extensive distributor network and employs people across its six production facilities, R&D centers and sales offices in Switzerland, China, United Arab Emirates, Germany, Finland and the UK.

Sell -

Seller(S) 1

SELLER

KWC Group

Unterkulm, Switzerland

Category Company
Sector Consumer Products
Employees900
Revenue 193M CHF (2020)
DESCRIPTION

KWC Group is a designer and manufacturer of fittings and accessories for residential and commercial kitchens, bathrooms and washrooms. KWC Group, formerly a division of Franke Group, is made up of three segments KWC Home, Professional and Medical. KWC Group has an extensive distributor network and employs people across its six production facilities, R&D centers and sales offices in Switzerland, China, United Arab Emirates, Germany, Finland and the UK.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2024) 1 of 1