Press release -
Swegon strengthens data center cooling business by acquiring Econdition GmbH
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
Topics
- Environment, Energy
Categories
- air handling units
- mergers & acquisitions
- datacenter
- indoor climate
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.
