Swegon announce acquisition of bluMartin
GERMANY – Swegon have today announced that they have acquired bluMartin GmbH, an innovative manufacturer of decentralized residential air handling units with A+ Ecodesign Energy Class and Passivhaus certification. in Germany. The German company currenly counts 16 employees and has its headquarters in Wessling, in the south of Germany. bluMartin declared a turnover of 2 million euro in 2015.
This latest acquisition of bluMartin is a continuation of Swegons’ policy of strengthening its presence on the German market and in residential ventilation.
Commenting on the acquisition, Hannu Saastamoinen, CEO of Swegon, declared that “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.”
Similarly, Bernhard Martin, Managing Director of bluMartin GmbH, welcomed the news, stating “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.”