- Business
- Meier Tobler Group AG specializes in the wholesale trade, manufacturing, and service provision of building technology systems focused on heating, ventilation, air conditioning, sanitation, and humidification for residential and commercial applications. Founded in 1937 and headquartered in Schwerzenbach, Switzerland, the company operates primarily in the Swiss market through its Sales and Service segments; the Sales segment distributes products including heat pumps, chillers, dry coolers, air heaters, chilled beams, water heaters, sewage systems, floor and underfloor convectors, solar thermal systems, gas and oil heaters, radiators, wood heating solutions, hot water systems, fresh water stations, exhaust systems, and humidification equipment under brands such as Condair, Nortec, Defensor, Nordmann, Draabe, JS Humidifiers, and ML System; the Service segment delivers nationwide inspection, troubleshooting, installation support, maintenance, and digital management via the SmartGuard online tool for approximately 400 technicians serving building service planners, installers, architects, constructors, and other professionals. In recent developments, Meier Tobler Group AG completed multiple tranches of its share repurchase programs in 2024 and 2025, including the second tranche of the 2025 fixed-price offer in September 2025 and the first tranche in March 2025; the company reported steady performance in the first half of 2025 amid a subdued market, successful completion of major logistics and IT projects by the end of 2024, CHF 496 million in revenue and CHF 41 million in EBITDA for 2024 with 1,276 employees, and a commitment to sustainability goals including a 50% reduction in greenhouse gas emissions by 2035 and net-zero by 2050 alongside electrification of its service fleet.