Swegon acquires German AHU manufacturer
22nd November 2024
SWEDEN/GERMANY: Swedish HVAC manufacturer Swegon has extended its modular air handling unit interests with the acquisition of family-owned German company Howatherm Klimatechnik.
Established in 1969, Howatherm is headquartered in Brücken, 50km south east of Stuttgart. Its modular air handling units are sold primarily to the German market, but with a small subsidiary in Luxemburg for sales in the Benelux region. Howatherm has 170 employees and posts sales €32m in 2023.
This latest acquisition follows the purchases in 2022 of Italian AHU manufacturer Samp and UK company Dalair.
“With this acquisition, we strengthen our position on the German HVAC market, the largest market for air handling units in Europe,” said Swegon Group CEO Andreas Örje Wellstam.
“Together with our recent acquisitions of Samp in northern Italy and Dalair in the UK&I, both focusing on modular air handling units, we now have a strong coverage of the European market.”
The acquisition is subject to approval by antitrust authorities and closing is expected during January 2025.
Related stories:
Swegon buys UK AHU manufacturer Dalair – 14 December 2022
SWEDEN/UK: Swegon, the Swedish manufacturer of ventilation and indoor climate products, has acquired UK air handling unit manufacturer Dalair Ltd. Read more…
Swegon buys Italian AHU firm Samp – 11 November 2022
SWEDEN/ITALY: Gothenburg-based HVAC manufacturer Swegon has acquired the Italian air handling unit manufacturer Samp SpA. Read more…
