Exhausto buys Norwegian ventilation firm
The Exhausto group has acquired the Norwegian ventilation company Novema Aggregater a/s.
Novema Aggregater a/s produces integrated cooling and heat pump systems and its annual turnover is £15.4m.
Exhausto's Norwegian sales company will become a part of Novema Aggregater and Exhausto says the acquisition will help it take a leading role in the North European ventilation market.
Exhausto described both companies' product portfolios as a near-perfect match.
'We are particularly pleased that we are now a more complete supplier, in good position to take on even very large projects. And, at the same time, we will be extremely well-equipped to meet the predicted upturn on the Norwegian housing market', said Exhausto CSO Steen Høier.
21 January 2010