|In CHF million||Income||Expenses||Profit|
|Industry & Wholesaling||74.4||69.9||4.5|
|Total effect of acquisitions||285.2||277.2||8.0|
The acquisition of Rudolf Schär AG, Thal, by Micarna SA on 2 December 2014 is not included in the list above. Since information relating to the financial statements of the acquired Rudolf Schär AG
was not yet available at the time of the Migros Group financial statements being released, the initial recognition of the business combination was not possible. Rudolf Schär AG was established
in 1945 in St. Gallen and is a producer of specialty sausage products. Under a succession arrangement, Micarna SA has acquired the long-established company, together with all 90 employees,
which last year generated sales of around CHF 36 million.
The following companies were acquired during the 2013 financial year:
The Migros Cooperative Zurich acquired the commercial business of the German company tegut...Gutberlet Stiftung & Co. KG, with around 290 stores and 5'000 employees, as at 1 January 2013.
tegut..., whose head office is based in Fulda, will continue to be an independent group. Migros Zurich views its long-term commitment as an opportunity to strengthen the profile of tegut... as a
regional trading company for healthy food and to strengthen its business area. Synergies are also expected in terms of organic product ranges and in the sales of Migros Industry products.
After the Hotelplan Group acquired a 26% share in Germany’s Inter Chalet Ferienhaus GmbH, based in Freiburg im Breisgau, on 1 November 2011, the remaining stake of 74% was purchased
on 1 November 2013. Together with Interhome, the Hotelplan Group’s business as a holiday home agent is therefore even stronger; in future, the companies Inter Chalet and Interhome will be
managed in parallel in order to exploit synergies. With more than 500 employees, they market some 50'000 holiday homes.