SWITZERLAND: In order to concentrate on HVAC, Walter Meier has sold its machining solutions business to a management team led by managing director Jochen Nutz.

As a result of the sale, the current head of its Climate Division, Martin Kaufmann, will take over as executive head of the Group.

Walter Meier Climate is a Swiss distributor offering a wide range of heating and air conditioning systems for both residential and commercial buildings. These include Carrier chillers, Stulz precision air conditioners, Mitsubishi Electric splits, multi splits and VRF and Lennox rooftop air handlers.

Proceeds from the sale will be invested in the company’s core HVAC business and potential acquisitions.

Walter Meier Machining Solutions is the company’s original business, importing machine tools and metal-cutting tools.