ENERVENT VENTILATION BUSINESS TO ZEHNDER GROUP AG
Zehnder Group AG will acquire Enervent Oy’s air handling business including the brand portfolio. Enervent’s brands are Enervent and Exvent. The transaction also contains Enervent Oy’s subsidiaries in Norway (Exvent AS) and Sweden (Ventener AB). All personnel and the management will be part of the transaction and they will continue in their duties as old employees. The transaction is estimated to be completed before end of August.
Zehnder Group is a successful international group with strong family ties committed to creating energy efficient solutions for healthy and comfortable indoor climate. The transaction supports and compliments Zehnder Group’s business. It especially strengthens cold climate air handling competences and applications in Zehnder Group. The transaction also creates good foothold for future growth in Nordic countries.
“The markets and product portfolios of Enervent and the Zehnder Group complement each other perfectly. There are no overlaps. Both companies are known for their high-quality products and advanced technologies. Enervent’s transition to the Zehnder Group opens up new business opportunities for Enervent’s customers, partners and employees. We are very positive about this transaction and look to the future with confidence,” says Enervent’s CEO, Jukka Riekkinen.
“We are very pleased to welcome Enervent as a new member of the Zehnder Group. Add-on acquisitions are an important element of the Zehnder Group’s growth strategy. With the acquisition of Enervent, we are expanding our market position in the Nordic countries and broadening our product range to include products that are specifically tailored to the requirements of these countries,” says CEO ad interim of the Zehnder Group, Hans-Peter Zehnder.
The goal of the new owner is to continue the development, manufacture and marketing of ventilation units as Enervent has done for more than 35 years. In recent years, the company’s operations and customers have focused on Finland, Norway and Sweden. The turnover of the ventilation business last year was € 10 million. Enervent receives about 60 percent of its sales from Finland, 25 percent from Norway and 15 percent from other export countries in Europe. Enervent employs 50 people. Production is concentrated in Porvoo.