Swegon acquires heat pump & chiller company Klimax

Investment AB Latour has, through its subsidiary Swegon Group AB, acquired Klimax AS, a major distributor of products for heating and cooling of indoor climate in Norway.

”Today we are leaders in ventilation of commercial buildings in Norway. With the addition of heating and cooling solutions we will be able to serve our customers with a full offering for high indoor environmental quality, said Hannu Saastamoinen, CEO at Swegon Group.

“Our full range of HVAC products and systems combined with our services make us unique in Europe. Klimax provides knowledge in cooling and heating with high quality customer interactions. The acquisition gives us a platform to grow from, offering the Swegon heating and cooling assortment, by utilising the Klimax regional offices in Norway,” he continued.

Stig Erik Gunnarsrud, Managing Director at Klimax said; “We are happy to merge with Swegon, a strong brand within the HVAC business in Norway, and with a long-term perspective. It’s a very good match with a shared focus of delivering great solutions for indoor climate in commercial buildings. We look forward to continued growth and development of our organisation as part of the Swegon Group”.

Klimax was founded in 2001 and has 12 employees in 6 offices around Norway. Net sales in 2018 amounted to approximately NOK 66-million (€6.6-million).

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