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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

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