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Swegon invests in software company to accelerate digital service offering

Swegon has signed an agreement to acquire the majority in the Finnish digital software company 720° (degrees). 720° provides analytical software to monitor, visualise and predict the indoor climate in buildings. This investment will accelerate Swegon’s offering in digital services and strengthens Swegon’s position as one of the leading companies for indoor environment solutions.

- We are very happy to announce this strategically important investment with 720°. 720° is in the forefront of monitoring, analysing, and visualizing the indoor climate and it gives Swegon a unique position as full-service providers of indoor climate solutions. We will together with 720° not only visualize the indoor climate, but also provide suggestions of how to improve the environment in a building, says Andreas Örje Wellstam, CEO at Swegon Group.

- The indoor environment has in the past year become increasingly important and more and more people are becoming aware of the effect that it has on our health and productivity. Since the indoor environment is invisible and complex, we want to be able to provide property owners, tenants and other building users with clear insights and suggestions on their indoor environment, Andreas continues.

- Both Swegon and 720° have a focus on indoor environmental quality and in particular from the human perspective. This partnership combines our technologies and services and allow us to reach a much larger customer base and even new markets, says Rick Aller, founder, and CEO of 720°.

- 720°’s knowledge and technological development of monitoring, analysing, and visualizing the indoor climate complements Swegon's current portfolio in a very good way, says Rick Aller.

720° was founded in 2012 and has 8 employees with the head office in Helsinki. The company currently has their offering in place at over 200 buildings, mainly in Finland.

The investment will be completed in August 2021.

For further information, please contact:
Andreas Örje Wellstam, CEO +46 31 89 58 00
Matthew Goodrick, Corporate Development +46 31 89 58 00