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Dantherm changes owners

GERMANY/DENMARK: German private equity business Deutsche Beteiligungs AG (DBAG) has acquired a majority interest in Danish HVAC manufacturer Dantherm.

The majority shares were acquired from Procuritas, the Swedish private equity company that bought the business for €22m in 2016. DBAG will be investing around €28m with Dantherm’s management team retaining a stake in the company.

Formed in 1958 and headquartered in Skive, Dantherm provides telecom cooling, dehumidification units, ventilation systems and mobile heating and cooling units for military and humanitarian field camps.

Dantherm factory in Skive

Since its acquisition by Procuritas in 2016, Dantherm’s sales have grown by around 30% annually, to €148m in 2020. During that time, Dantherm has acquired close to 20 companies. 

“We want to support Dantherm in pursuing its organic growth and buy-and-build strategy,” announced DBAG management board member Jannick Hunecke at the contract signing. “The market in Europe remains very fragmented, presenting us with the opportunity to expand our product portfolio and regional market coverage through acquisitions.” DBAG says it sees further potential for value enhancement through greater integration of the recently acquired companies.

Dantherm operates three main production facilities in Denmark, Italy and the UK and employs around 600 people. At 30%, the DACH region (Germany, Austria and Switzerland) accounts for the majority of sales. A further 20% is generated in the Scandinavian countries. Dantherm’s products are distributed in over 50 countries worldwide.

Related stories:

Dantherm buys Swiss distributor AirCenter24 December 2020
DENMARK/SWITZERLAND: Danish HVAC equipment manufacturer Dantherm has acquired AirCenter AG, a Swiss supplier of air conditioners, dehumidifiers and accessories. Read more…

Dantherm buys Spanish evaporative cooler firm10 October 2019
DENMARK: Dantherm, the Danish manufacturer of climate control products and solutions, has acquired the Spanish evaporative cooling company Termigo. Read more…

Dantherm acquires dehumidifier firm Aerial5 September 2017
GERMANY: Danish HVAC manufacturer Dantherm has acquired German dehumidifier manufacturer Aerial – its fifth acquisition in two years. Read more...

Dantherm hvac sold to private equity fund – 17 January 2016
DENMARK: Under pressure from credit institutions, Dantherm has been forced to sell its HVAC business to a private equity fund for DKK164m (€22m). Read more…

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