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28.08.2024

New Partnership: Mobil in Time acquires ZB Zelt- und Bauheizungen AG

Auw, 28. August 2024 - The Mobil in Time Group ("MiT") has completed the acquisition of ZB Zelt- und Bauheizungen AG (“ZB”) via an asset deal, thereby expanding the Group's position in the building technology sector and strengthening its heating coverage in Zug and Lucerne. Verium first invested in MiT in 2019 and has supported the Group‘s development into a leading player in the areas of mobile energy solutions and water damage restoration through organic growth and a selective buy-and-build strategy. In 2022, the company was transferred to a continuation fund to further accelerate its attractive growth potential. ZB is MiT’s third acquisition in 2024.

Accelerating growth within hot-air segment

The acquisition of ZB complements MiT Group’s service offering, as ZB is specialized in larger events with up to 20 hot-air units. 16 of ZB’s c. 100 well-maintained hot-air units have been remodeled to methanol use, which will strengthen MiT’s continued ESG efforts. Alongside pellet-based systems, methanol will be key in the Group’s strategy to increasingly substitute oil with sustainable and renewable energy sources.

ESG focus and Regional coverage

“ZB is a complementary addition to our service offering and regional coverage, whilst also sharing our vision for sustainable heating solutions as well as a best-in-class customer service," says Stefan Moll-Thissen, CEO of MiT Group. Maria Sessa, COO of MiT, adds: “We are looking forward to adding ZB’s strategically attractive location to our branch network and to working together with the ZB team.” The existing location in Auw, AG will be retained to offer faster service to both MiT’s and ZB’s clients.

Kurt Wyss, General Manager, who co-founded ZB in 2016 is excited about the new partnership: “We are happy to have found the perfect match with Mobil in Time Group for the future of the ZB brand, the team and our clients.”

About Mobil in Time

MiT Group is the Swiss market leader for mobile heating and cooling solutions as well as water damage restoration with a wide range of rental equipment. The Group is regarded as an innovation leader in the use of renewable energy sources for environmentally friendly rental solutions. The MiT’s customer base ranges from HVAC players (building technicians, installers) to real estate management companies, insurance companies and industrial companies.

About ZB

The technical manager of Zuger Messe, Kurt Wyss, co-founded ZB Zelt- und Bauheizungen AG with a group of local entrepreneurs in 2016 to supply Zuger Messe. Under the group’s leadership, ZB specialized in tent and construction heating across Switzerland, acquiring clients like the White Turf horse race in St. Moritz. The Company’s equipment pool includes close to 100 hot-air units, out of which 16 have already been remodeled to methanol use in line with the Company’s ESG strategy.

About Verium

Verium is an independent multi-family office in Zurich whose wide range of services is specifically geared towards families with an entrepreneurial mindset and whose goal is to secure and increase family wealth over the long term. For its clients, Verium also manages direct investments in medium-sized companies in the DACH region. Latest investments include Home Instead, basefit.ch, Christ & Heiri, Toradex, Tavola Group, Quickmail/Quickpac, Mobil in Time Group, DSwiss, Zünd, Sequotech, Impact Acoustic and Lynus. Verium builds on its network and expertise to support its partners in both strategic and operational matters.

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