Scandinavian indoor climate and air conditioning supplier Swegon AB has bought Italian chiller and heat pump manufacturer Blue Box Group S.r.l. for an undisclosed sum.
Blue Box Group, located in Cantarana di Cona, Italy, has an annual turnover of around 50mio Euro, employs 250 people and exports its products to 30 countries.
Swegon claims that Blue Box Group will complement its product range and further improve its position as 'a unique supplier of comprehensive solutions and systems in the ventilation and air conditioning sector'
Swegon is a leading supplier of air handling units, waterborne and airborne climate systems, flow control, acoustics and residential ventilation.
Mats Holmqvist, President of Swegon AB, said: 'Our objective for Blue Box is to double its turnover until the year 2014. This necessitates a quick integration into the Swegon-Group and we are delighted that CEO Andrea Veggian, and General Manager Paolo Zenatto, will continue in their operative positions in the future. Their experience and engagement are invaluable for us.'
Swegon plans to introduce Blue Box Group's products gradually through its international sales organisation.
Swegon, employs around 1,000 people, has four production facilities and an annual turnover of 230mio Euro.