Swegon, market leading producer and supplier of indoor climate systems and products, acquires Ruskin Air Management Ltd (RAML) from Johnson Controls International plc.
RAML is a leading manufacturer of air distribution, fire and smoke control and ventilation products in the United Kingdom and Ireland, with more than 50 years of experience in the market.
Through its portfolio of well-known specialty brands, RAML products deliver unique air management solutions that enhance a facilities’ ability to operate comfortably, efficiently, safely and in compliance with regulatory requirements. The company has 220 employees with operations in Whitstable, Kent, and Bridgnorth, Shropshire, United Kingdom.
“This acquisition gives us a very strong local presence and identity in UK through the well-known RAML brands. In addition, with RAML, we add a new competence area in Swegon in form of their extensive fire & smoke product knowledge. RAML products are complementary for us and we see good potential for cross sales in the future. As a long-term industrial investor, our aim is to reinforce and further develop the local manufacturing base in both Whitstable and Bridgnorth, which are excellent in producing customized products for the local market with short delivery times" says Hannu Saastamoinen, CEO of Swegon.
“This is a perfect match for Ruskin Air Management Ltd. and we look forward to continue our growth momentum as part of the Swegon Group.”, says Kevin Munson, Managing Director, Ruskin Air Management Ltd.
“This is a win-win,” says Tom Edwards, Vice President and General Manager, Global Air Systems at Johnson Controls. “Swegon Group has a strong history of successful, long-term investments, and this establishes a growth position for the company in the UK and mainland Europe. At the same time, we gain a capable partner that helps strenghten our distribution channel for airside products in the region.”
XMS Capital Partners served as Johnson Controls’ exclusive advisor for the transaction
For further information please contact:
Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, CFO +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 products and systems that create good indoor climate and highly contributes to saving energy.
Swegon has 12 production plants in Sweden, Finland, Italy, India, North Amercia, Germany and Belgium. The company employs 1 900 staff and the turnover is approximately MEUR 380.