Schulthess

IFBC supported Schulthess in the implementation of the purchase price allocations in accordance with IFRS for the acquisitions of Chemie AG, GMP slr and Pee Gee Ltd. In addition to the valuation of trademark rights, unpatented technologies, technical processes and customer contracts were valued and recognized as additional intangible assets as part of the purchase price allocations. Schulthess Maschinen AG is the leading Swiss group in the field of laundry technology and stands for innovation in laundry care.