Press release -
Swegon acquires innovative residential ventilation company in Germany
Swegon, market leading producer and supplier of indoor climate systems and products, acquires bluMartin GmbH in Germany.
bluMartin is an innovative manufacturer of decentralized residential air handling units with A+ Ecodesign Energy Class and Passivhaus certification. The company has 16 employees and is situated in Wessling, in the south of Germany. The turnover in 2015 was 2 MEUR.
The acquisition of bluMartin is in line with Swegons’ strategy of strengthening its presence on the German market and in residential ventilation.
“With an increasing focus on passive house development we see a big potential for modern ventilation solutions in the German residential ventilation market. By adding our resources to support bluMartins’ innovative thinking Swegon can help speed up the growth of bluMartin GmbH and we believe in an interesting future for the company as part of Swegon Group.” says Hannu Saastamoinen, CEO of Swegon.
“Our young company has had a fantastic development since it was founded. As a part of the Swegon Group, we can take the next steps on our journey and accelerate our growth. We believe in a bright future for employees, partners and customers alike.” says Bernhard Martin, Managing Director of bluMartin GmbH.
For further information please contact:
Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, CFO +46 31 89 58 17
Topics
- Environment, Energy
Categories
- energy efficiency
- residential ventilation
- 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 products and systems that create good indoor climate and highly contributes to saving energy.
Swegon has 11 production plants in Sweden, Finland, Italy, India, North Amercia and Belgium. The company employs 1 850 staff and the turnover is approximately MEUR 380.
