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Swegon acquires COOLMATION Ltd

Press Release   •   Feb 01, 2013 08:00 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 acquire the British Coolmation Group.

The Coolmation Group had a turnover of approximately 8 million GBP in 2012 and is one of UK’s fastest growing Chiller and Air Conditioning companies. The Coolmation group consists of three business areas including sales, service and rental.

The company is located in Ringwood in the southern part of England with four additional offices around the country and employs 70 staff.

“With 30 years of experience Coolmation is established in the UK as a reliable product and service provider of chillers and we see this acquisition as an excellent opportunity to grow in one of our prioritized markets”, says Hannu Saastamoinen CEO of Swegon. He continues; “The acquisition will increase our UK market share by providing an additional channel for sales of our Blue Box products”.

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 delivers well thought-out and holistic system solutions that create a good indoor climate, which highly contributes to saving energy.

The Swegon company group has 1350  employees and the turnover is 320 MEUR.

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