World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Lindab to acquire Danish ventilation company Airmaster

SWEDEN/DENMARK: Swedish ventilation company Lindab has signed an agreement to acquire Airmaster, a Danish manufacturer of products for decentralised ventilation.

Decentralised ventilation is described as an energy-efficient way to ventilate buildings and said to be especially suitable for renovation projects, properties where ducting can be difficult or where only part of a building is being renovated. 

Airmaster’s latest AMX product is also equipped with an integrated heat pump that enables both cooling and heating for optimal indoor comfort.

Founded in 1991 and based in Aars, Jutland, Airmaster’s most important markets are Germany, Denmark, Benelux, Norway and France. The company had sales of DKK356m (€48m) in 2022 with an operating margin of 18% and has achieved an average sales growth exceeding 10% per annum since 2015.

With the acquisition, Lindab establishes a new product area within the group, with the ambition that decentralised ventilation will reach sales of SEK2bn (€176m) by 2027.

Airmaster co-founder Kim Jensen, who is also the company’s CEO, will continue to lead Airmaster as part of Lindab together with his management team. Airmaster has direct sales in Denmark, Benelux and Norway and sells mainly through distributors in other markets. It has approximately 200 employees.

Latest News

26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.
25th February 2024

Safety is vital in global F-gas transition

UK: Institute of Refrigeration president Graeme Fox has warned of the real-world issues that the “rapid transition” to “natural” refrigerants poses for developing countries.
25th February 2024

Terrie Lamb wins lifetime achievement award

UK: Terrie Lamb of Cimetrics was recognised for 25 years of dedication to the RACHP sector in a night of awards at Thursday night’s annual Institute of Refrigeration (IoR) dinner.
25th February 2024

Boosting EV range with microwave energy

UK: Researchers from the University of Birmingham are working on an energy storage system which couples a chemical heat pump with microwave energy to produce heating or cooling on demand.
25th February 2024

Home heat pump install for newly-trained engineers

UK: A UK charity is proposing to give newly trained heat pump installers an air-source heat pump to install in their own home.
23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.