Swegon Group AB acquires Safegard Systems Ltd in the Republic of Ireland
Safegard is the leading provider of intelligent smoke/fire damper control and monitoring systems in the United Kingdom and Ireland with a growing presence and future growth potential in international markets.
Safegard's systems are used to contain/extract smoke within the ducted ventilation systems of commercial buildings such as hospitals, airports and multi-storey office blocks.
With headquarters in Dublin, Ireland, the company employs 24 staff with a turnover in 2016 of 8 MEUR. The company develops and assembles its products in Dublin and operates a direct sales model in the Irish market and utilizes distributors in other markets.
“Safegard is the most advanced and comprehensive fire & smoke control system supplier in Europe and will provide us with a highly attractive new product segment with several benefits both short term and long term, says Hannu Saastamoinen, CEO of Swegon. As a long-lasting co-operation partner to our newly acquired Swegon Air Management (former Ruskin), the acquisition will secure our leading position as a fire and smoke system supplier in the United Kingdom and Ireland and create a good platform and competence base for a more long-term development of Swegon’ s European fire & smoke business plan”
“Safegard has for more than 20 years focused on the development of smoke and fire control systems. This long-term focus has enabled us to develop the market’s most reliable and advanced systems, suitable for any type of setting. With Swegon’s systems approach and their strength in the commercial ventilation landscape, we believe we have found the best home to continue our growth journey”, says Shaun Magill, Managing Director of Safegard.
For further information please contact:
Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, CFO +46 31 89 58 17
Swegon Group AB 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 products and systems that create good indoor climate and highly contributes to saving energy.
Swegon has 14 production plants in Sweden, Finland, Italy, India, North Amercia, Germany, Belgium and the United Kingdom. The company employs 2 100 staff and the turnover is approximately MEUR 430.