Ahlsell bids CHF 492m for Swiss distributor Meier Tobler

Nordic technical wholesaler Ahlsell has launched a public all-cash offer of CHF 45.50 per Meier Tobler share, worth about CHF 492m in total and a premium of roughly 31% on the 60-day average price. Meier Tobler's board recommends acceptance, and its main shareholder Meier Capital, with 58.55%, intends to tender its shares. Meier Tobler, with around 1,300 employees and CHF 497m in sales, is to continue as a standalone business, and Ahlsell says it wants to keep jobs and its presence in Switzerland. The offer period runs from 5 November to 2 December 2026, with closing expected in the first quarter of 2027 (Ahlsell, press release, 04.11.2026; second source: Meier Tobler, ad hoc announcement).