Swegon has signed an agreement to acquire the residential ventilation business of Dantherm, strengthening its position within the residential indoor climate segment in Denmark, and further reinforcing its presence in the Nordics.
The transaction includes the development, manufacturing and sales of air handling units for residential applications. The Dantherm portfolio has a strong market position in Denmark, with significant international sales, creating opportunities for continued home market and export growth.
“The residential business is a key market segment for us at Swegon, and the addition of the highly esteemed Dantherm residential portfolio is a major milestone for our long-term strategy. It complements our existing product range and allows us to serve our customers with an even stronger and broader offer”, says Eva Karlsson, CEO of Swegon Group.
“For all our current Dantherm customers the change will be minimal - we still offer our great products and service through the same organization”, says Tom Bendixen, head of the Dantherm Residential Ventilation Sales team.
“Divesting the residential business is part of streamlining our business and technology portfolio, and with Swegon’s wide international presence and expertise within indoor climate, we are confident that the business will continue to develop and deliver long-term value to customers both in Denmark and internationally,” says Søren Østergaard, Managing Director Dantherm Group Denmark.
The Dantherm residential business will continue to operate out of Skive, Denmark.
For information, contact:
Eva Karlsson, CEO Swegon Group, +46 31 89 58 00
Tove Nyqvist, M&A Director, +46 31 89 58 00
