Swegon AB has signed an agreement to acquire Walter Meier (Klima Deutschland) GmbH, a leading supplier of climate products in Germany.
Walter Meier (Klima Deutschland) GmbH is a subsidiary to the Swiss Walter Meier Group. The company has its head quarters in Munich and was founded in 1930 and has been part of Walter Meier Group since 1991. The acquisition is subject to approval by antitrust authorities and closing is expected in June.
The company employs 111 staff and reported a turn over of approximately EUR 37 million in 2012.
“This is a very important acquisition for us”, says Swegon CEO, Hannu Saastamoinen. “We have a very good relationship with Walter Meier Klima today as they are our largest independent distributor in the chiller segment. They fit very well in to our expansion strategy in the cooling business and we are now looking forward to develop our cooperation further and continue to grow in Germany which is one of our prioritized markets.”
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.
Including international sales subsidiaries, Swegon currently employs 1350 staff and the annual turnover is approximately MEUR 320. Swegon has 16 sales offices in Sweden. The export sales are substantial and handled through the Groups sales companies in Finland, Norway, Denmark, Germany, Belgium, France, Estonia, Spain, Italy, Switzerland, Austria, Poland, Czech Republic, Slovakia, The Netherlands, Great Britain, US, China and India and to other countries through retail dealers. The company has 6 production units in Sweden, Finland, Italy and India.