TENZING Partners acted as the exclusive advisor to the shareholder of C. Schanen S.à r.l. in the sale of their company to Teseos Group.

Business Overview
Founded in December 1997 by Christian Schanen and Norbert Kimmel, C. Schanen S.à r.l. specializes in the installation of HVAC systems (gas burners, heat pumps, ventilation, boilers), the setup of sanitary devices (bathrooms, solar thermal panels, and water treatment systems), and the provision of 7-day troubleshooting and maintenance services.

The company, located in the Bissen business park, benefits from its strategic position in the Centre-North region of Luxembourg with excellent access to main road infrastructures. By December 2023, the company employed 30 professionals and generated €5.6M in revenue for the fiscal year. The transaction also included C. Schanen’s real estate assets, comprising storage facilities, offices, and sublet premises.

Recognized for its strong brand, high-quality craftsmanship, and reliable customer service, this Luxembourg-based SME has a diversified customer base, including private individuals, professional clients, and the public sector (municipalities, state-owned administrative buildings).