On October 2nd, 2017, RUTHMANN acquired 100% of the outstanding shares of HUBItec AG. The company now operates under the new name – RUTHMANN Schweiz AG. With this acquisition, HUBItech’s existing operational framework will be adopted and expanded. This is another major milestone in our ongoing internationalization initiative. Our company has now achieved all of its strategic goals in Germany, Austria, and Switzerland.
We have been actively pursuing international opportunities for years. An important part of this strategy involves providing top-notch sales and service to customers residing in German-speaking countries. The company established RUTHMANN GmbH in Dobl (Austria) 12 years ago and acquired Horst Sieghard GmbH (near Vienna) in 2009.
In keeping with the old proverb “Birds of a feather flock together” we are now also implementing this strategy in Switzerland. HUBItech’s current business location and all existing employees, are being retained by RUTHMANN Schweiz AG. Roger Wagner – previous majority shareholder and General Manager of HUBItech AG – stated: “The team and I are delighted to be a member of the RUTHMANN Group.”