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Swegon strengthens data center cooling business by acquiring Econdition GmbH

Press Releases   •   Aug 01, 2014 07:15 GMT

Swegon, market leading producer and supplier of indoor climate systems and products, acquires Econdition GmbH in Germany.

Econdition is a leading distributor of data center and industrial cooling solutions. With headquarters in Munich the company employs 40 staff and reported a turnover of approximately 14 MEUR in 2013. The acquisition is subject to approval by antitrust authorities and closing is expected during August.

The acquisition of Econdition is in line with Swegons strategy of strengthening its presence on the German market and will increase Swegons sales within cooling and especially in the growing segment of data center cooling.

“Along with last years’ acquisition of Walter Meier (Klima Deutschland) GmbH, Econdition adds on to our already solid platform in Germany and at the same time brings us one step closer to our end customers”, says Hannu Saastamoinen, CEO of Swegon.

For further information please contact:
Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, VP BA Residential and M&A +46 31 89 58 17


Swegon is part of the Latour group, listed on the Swedish stock market and is the market leader within energy efficient ventilation and indoor climate systems. Through the Swegon Group sales subsidiaries and partners Swegon supplies components and systems that create good indoor climate and highly contributes to saving energy.

Swegon has ten production plants in Sweden, Finland, Italy, India, North Amercia and Belgium. The company employs 1 700 staff and the turnover is approximately MEUR 360.


Swegon, market leading producer and supplier of indoor climate systems and products, acquires Econdition GmbH in Germany. The acquisition of Econdition is in line with Swegons strategy of strengthening its presence on the German market and will increase Swegons sales within cooling and especially in the growing segment of data center cooling.

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Swegon continues to grow by acquiring P. Lemmens

Press Releases   •   Jul 09, 2014 10:30 GMT

With headquarters in Gembloux, Belgium, P. Lemmens’ largest product area is compact air handling units with built-in controls. The product range also includes fans, air curtains and products for heat recovery. The company reported a turnover of 26 MEUR in 2013 and has 59 staff.

“We are delighted to welcome P. Lemmens as the latest member in the Swegon family”, says Hannu Saastamoinen, CEO Swegon. “Lemmens is a fantastic company that has been managed very successfully over the years. This acquisition makes Swegon the clear market leader in compact air handling units in Europe. With their strong product range Lemmens will complement Swegon’s well-known GOLD air handling unit range extremely well when it comes to lower air volumes. Through this acquisition we also continue to strengthen our market position in Continental Europe”.

P. Lemmens will remain as a separate entity and will continue to develop its own business together with its current partner network. Stephan Lemmens will continue as a minority shareholder and Managing Director of the company.

“The cooperation with Waterland has during the years been very positive and has had great impact on the development of our business. We now look forward to continue this journey together with Swegon. They will provide us with a very strong platform from which we can further develop our product range and also serve current and new customers even better in the future.” says Stephan Lemmens, MD P. Lemmens.

For further information please contact:
Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, VP BA Residential and M&A +46 31 89 58 17

Swegon is part of the Latour group, listed on the Swedish stock market and is the market leader within energy efficient ventilation and indoor climate systems. Through the Swegon Group sales subsidiaries and partners Swegon supplies components and systems that create good indoor climate and highly contributes to saving energy.

Swegon has nine production plants in Sweden, Finland, Italy, India and North America. The company employs 1 650 staff and the turnover is approximately MEUR 360.


Swegon, market leading producer and supplier of indoor climate systems and products has acquired the leading Belgian air handling unit manufacturer P. Lemmens. Swegon is thereby strengthening its presence in Continental Europe.

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Prestigious Order for SWEGON China

Press Releases   •   Jun 18, 2014 08:36 GMT

Swegon China has secured an order from Shanghai Great Nature Investment & Development Co., Ltd. and Shanghai Meidao Investment Co., Ltd.

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Swegon acquires Vibro-Acoustics®

Press Releases   •   Jun 04, 2014 15:00 GMT

Swegon, market leader within energy efficient ventilation and indoor climate systems acquires Vibro-Acoustics, a leading provider of Noise and Vibration control solutions in North America. Vibro-Acoustics was founded in 1960. They employ 167 staff and, in 2013, recorded a turnover of $28 MCAD (approx 170 MSEK).

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Swegon strengthens organization for future growth

Press Releases   •   Mar 24, 2014 07:00 GMT

Swegon, since the beginning of 2013 led by new CEO Hannu Saastamoinen, implemented in the beginning of this year a new organization structure, creating new business areas based on market segments. The objective has been to create a more agile organization with shorter and more dynamic decision routes and with much improved natural collaboration between departments.

Swegon, wholly owned by Latour, has also implemented a number of strategic recruitments to strengthen the organization for future growth. Kenth Granljung joined Swegon in March as Regional Sales Director Nordics and Sweden. Before joining Swegon, Granljung was Regional Sales Director Northern Europe with TA Hydronics. Anders Engvall, previously with Fläkt Woods, joins Swegon later this spring as Business Development Manager on a Nordic level.

In the last few days it was also concluded that Jan Risén joins Swegon as Systems Development Director. Risén has a long experience from the ventilation industry and especially from the controls- and regulation field. Risén was most recently R&D Director with Fläkt Woods.

Hannu Saastamoinen, CEO, comments the strategic recruitments;  ”I am hugely proud to welcome these competent colleagues to Swegon. For us as an employer it is encouraging that they, with their extensive industry experience, see exciting challenges and significant personal development potential within Swegon. Together with our existing teams they will all play important roles in our future development.”

Saastamoinen continues;  ”We have during the last year had focus on strategy and structure and we have also made a number of critical recruitments on Group Management level. We now feel well prepared to take on the ambitious growth journey that lies ahead of us.”


Swegon is part of the Latour group, listed on the Swedish stock market and is the market leader within energy efficient ventilation and indoor climate systems. Through the Swegon Group sales subsidiaries and partners Swegon supplies components and systems that create good indoor climate and highly contributes to saving energy.

Swegon has six production plants and laboratories in Sweden, Finland, Italy and India. The company employs 1450 staff and the turnover is approximately MEUR 330.


Swegon, since the beginning of 2013 led by new CEO Hannu Saastamoinen, implemented in the beginning of this year a new organization structure, creating new business areas based on market segments. The objective has been to create a more agile organization with shorter and more dynamic decision routes and with much improved natural collaboration between departments.

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Swegon RECOsorptic –one of the best sorption rotors on the European market!

Press Releases   •   Mar 14, 2014 07:00 GMT

Swegon, market leading producer and supplier of energy efficient ventilation and climate systems and the largest wholly owned company in Investment AB Latour, has developed a new sorption rotor – Swegon RECOsorptic with an efficiency of over 80 %.

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Chilled Beams superior to Fan Coils concerning energy consumption

News   •   Nov 04, 2013 13:00 GMT

There is no doubt about Chilled Beams being energy efficient. The technology has been
available since the 1970:s and since then frequently used in public buildings
with great success. Parallel to Chilled Beams one of the most common systems
for indoor climate control of public buildings is Fan Coils. The Fan Coils have
recently been equipped with more energy efficient motors of EC-type. So how do
the systems perform in a comparison today concerning energy consumption?

In an independent study carried out by EDSL (Environmental Design Solutions Ltd.)
passive and active Chilled Beams systems were compared to VAV Fan Coils
equipped with EC-motors. The comparison is based on four different building
types located in London and Birmingham.

The result of the study shows that Active Chilled Beams are approximately 22% more energy
efficient than VAV Fan Coils equipped with EC-motors. Minimizing energy
consumption is of course important both for environmental reasons and for
economic reasons. By choosing a Chilled Beam system sustainability as well as
economy will gain long term advantages.

Link to the full report

Read more at swegon.com

Is reduction of energy usage important to you? In that case Chilled Beams is a better solution than Fan Coils to control indoor climate.

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INDIGO – the new tough heat pump from Swegon

Press Releases   •   Oct 07, 2013 08:00 GMT

Where the climate is tough and the expectations are high, that is where the INDIGO from Swegon really excels. Still operating when the outdoor temperature hits -23°C, and equipped with snow covers as well as ice build-up protection for the condensation water, it’s the heat pump that thrives as the conditions get worse.

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Swegon acquires RCS AG in Switzerland

Press Releases   •   Sep 27, 2013 10:30 GMT

Swegon AB, market leading producer and supplier of energy efficient ventilation and climate systems and the largest wholly owned company in Investment AB Latour, has signed an agreement to by September 30th acquire RCS AG, a Swiss supplier of chillers.

RCS is an independent distributor of chillers. Headquarted in Manno, the company founded in 2004, has two additional offices in Switzerland. The company employs 14 staff and had a turnover of 5,5 MCHF in 2012.

-“This is a strategic acquisition that supports our goal to grow in one of our prioritized markets. In cooperation with our existing subsidiary in Switzerland this acquisition will imply increased sales of our products in the cooling system segment”, says Hannu Saastamoinen, CEO Swegon.


For further information please contact:
Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, SVP Business Development +46 31 89 58 17

Swegon AB is a company in the Latour group and manufactures and sells products and solutions for ventilation and indoor climate systems. The Swegon company group has 1430 employees and the turnover is 330 MEUR.

Investment AB Latour is a mixed investment company consisting of an investment portfolio with a market value of about SEK 22 billion and wholly owned industrial operations with total net sales of about SEK 7 billion.


Swegon is part of the Latour group and delivers well thought-out and holistic system solutions that create a good indoor climate, which highly contributes to saving energy.

Including international sales subsidiaries, Swegon currently employs 1430 staff and the annual turnover is approximately MEUR 330. Sales and marketing is handled through the Swegon Group sales subsdiaries in 20 countries and to other markets through partners. The company has 6 production plants and laboratories in Sweden, Finland, Italy and India.

Swegon AB, market leading producer and supplier of energy efficient ventilation and climate systems and the largest wholly owned company in Investment AB Latour, has signed an agreement to by September 30th acquire RCS AG, a Swiss supplier of chillers.

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GOLD acquires Passive House certificate

Press Releases   •   Sep 23, 2013 06:15 GMT

Swegon, market leading producer and supplier of energy efficient ventilation and climate systems and the largest wholly owned company in Investment AB Latour, has acquired passive house certification for the air handling unit GOLD RX.

Contacts 3 contacts

  • Press Contact
  • Director Marketing & Business Development
  • toyvny.pwgffvlettersrcozrmsoogman@swnkegesuiamonuk.seie
  • +46 8 617 15 03

About Swegon

We create the world's best indoor climate - for people and the environment!

Swegon AB is a company in the Latour group and is market leaders within energy efficient ventilation and climate systems.

Swegon has ten production plants in Sweden, Finland, Italy, India, North Amercia and Belgium. The company employs 1 700 staff and the turnover is approximately MEUR 360.

Address

  • Swegon
  • Frejgatan 14
  • 535 30 Kvänum
  • Sweden