Swegon acquires bluMartin GmbH

21-04-2016

Swegon strengthens its position on the German market through acquisition.

Swegon acquires bluMartin GmbH in Germany.

bluMartin is an innovative manufacturer of decentralized residential air handling units with A+ Ecodesign Energy Class and Passivhaus certification. The company has 16 employees and is situated in Wessling, in the south of Germany. The turnover in 2015 was 2 MEUR.

The acquisition of bluMartin is in line with Swegons’ strategy of strengthening its presence on the German market and in residential ventilation.

“With an increasing focus on passive house development we see a big potential for modern ventilation solutions in the German residential ventilation market. By adding our resources to support bluMartins’ innovative thinking Swegon can help speed up the growth of bluMartin GmbH and we believe in an interesting future for the company as part of Swegon Group.” says Hannu Saastamoinen, CEO of Swegon.

“Our young company has had a fantastic development since it was founded. As a part of the Swegon Group, we can take the next steps on our journey and accelerate our growth. We believe in a bright future for employees, partners and customers alike.” says Bernhard Martin, Managing Director of bluMartin GmbH.

For further information please contact:
Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, CFO +46 31 89 58 17



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