KLINGER acquires Swiss companies FRANZ GYSI AG and GYSI Dichtungstechnik
Acquisitions enable manufacturing and provision of plant safety products and solutions directly in Switzerland
The KLINGER Group has purchased the Swiss Aargau-based companies FRANZ GYSI AG and GYSI Dichtungstechnik. Effective January 1, 2020, the two companies are now part of KLINGER. The businesses of former owner Mr. Franz Gysi provide gaskets and valves for several core markets, including district heating and cooling, process heat, gas, water & wastewater, cooling and loose materials as well as for the biotech, food, chemical, petrochemical and pharmaceutical industries. Their addition will enable the KLINGER Group to directly deliver products and solutions to the Swiss market.
The FRANZ GYSI AG with its headquarters in Suhr, Switzerland, was formed in 1927 and operated as a family enterprise for 93 years. More than nine decades have already been spent collaborating with KLINGER, especially in the fields sealing technology and fluid control solutions. The second company, the Rheinsulz-based GYSI Dichtungstechnik, was incorporated after taking over a sheet punching subsidiary from today’s KLINGER Kempchen. This enabled the former owner Mr. Franz Gysi, himself the third generation to run the business, to add metal gaskets and expansion joints to the product portfolio. With a total of around 50 employees, the companies play an important role as suppliers for the Swiss industries district heating and cooling, process heat, gas, water & wastewater, cooling, and loose materials. Furthermore, they also provide a wide range of specialist gaskets and valves for food, chemical, petrochemical, pharmaceutical and biotech applications.
“I am deeply moved by the trust that Mr. Franz Gysi, the KLINGER management and our employees have placed in me. It will be an honor to continue the Franz Gysi success story as a member of the KLINGER Group.”
Daniel Läubli, Managing Director of FRANZ GYSI AG and GYSI Dichtungstechnik
KLINGER to continue operation of both business locations
Following the acquisition, Mr. Franz Gysi will retire from the operative business. He will, however, provide his expertise as a member of the supervisory board. “Due to the lack of a successor in our family, I had to look at other options to safeguard the companies,” explains Mr. Gysi, and adds: “The KLINGER Group, which had proven itself to be a reliable and long-term partner, was the ideal choice.” According to the former owner, this solution caters to the needs of all stakeholders: “Our customers and suppliers can rest assured in the knowledge that they will continue to have a trusted and reliable partner at their side. And thanks to the way the KLINGER Group goes about its merger & acquisition activities, our in total around 50 employees at both business locations will retain their workplaces to also supply the highest level of quality for the Swiss market in the future.” Former co-executive Mr. Daniel Läubli will take over as Managing Director. Asked to comment on his new function, Mr. Läubli stated: “I am deeply moved by the trust that Mr. Franz Gysi, the KLINGER management and our employees have placed in me. It will be an honor to continue the Franz Gysi success story as a member of the KLINGER Group.” CEO Daniel Schibli, who also hails from Switzerland, has welcomed the latest acquisitions with open arms: “It fills me with joy to see our respective companies that have already been working together for more than nine decades, and thus spanning three generations of the Gysi and four generations of the Klinger family, now combine forces for an even brighter future together. Effective immediately, we can provide the Swiss market with our plant safety products, services and solutions via our very own local company. This is perfectly in line with our strategy, which focuses heavily on customer proximity as a means of offering the highest quality – wherever and whenever its is required.”
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