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Swegon Acquires P. Lemmens

Wednesday, July 09, 2014
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With headquarters in Gembloux, Belgium, P. Lemmens’ largest product area is compact air handling units with built-in controls. The product range also includes fans, air curtains and products for heat recovery. The company reported a turnover of 26 MEUR in 2013 and has 59 staff.

“We are delighted to welcome P. Lemmens as the latest member in the Swegon family”, says Hannu Saastamoinen, CEO Swegon. “Lemmens is a fantastic company that has been managed very successfully over the years. This acquisition makes Swegon the clear market leader in compact air handling units in Europe. With their strong product range Lemmens will complement Swegon’s well-known GOLD air handling unit range extremely well when it comes to lower air volumes. Through this acquisition we also continue to strengthen our market position in Continental Europe”.

P. Lemmens will remain as a separate entity and will continue to develop its own business together with its current partner network. Stephan Lemmens will continue as a minority shareholder and Managing Director of the company.

“The cooperation with Waterland has during the years been very positive and has had great impact on the development of our business. We now look forward to continue this journey together with Swegon. They will provide us with a very strong platform from which we can further develop our product range and also serve current and new customers even better in the future.” says Stephan Lemmens, MD P. Lemmens.
For further information please contact:

Hannu Saastamoinen, CEO, +46 31 89 58 10
Andreas Örje Wellstam, VP BA Residential and M&A +46 31 89 58 17
Swegon is part of the Latour group, listed on the Swedish stock market and is the market leader within energy efficient ventilation and indoor climate systems. Through the Swegon Group sales subsidiaries and partners Swegon supplies components and systems that create good indoor climate and highly contributes to saving energy.

Swegon has nine production plants in Sweden, Finland, Italy, India and North America. The company employs 1 650 staff and the turnover is approximately MEUR 360.

About Swegon
Swegon AB is a company in the Latour group and is market leaders within energy efficient ventilation and climate systems.
Swegon has nine production plants in Sweden, Finland, Italy, India and North America. The company employs 1,650.

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