Swegon Takes Over Finnish Ventilation Company

Swegon has taken over the Finnish ventilation company Ilto Air Oy with subsidiary company Meptek Oy.

The principle business is run at Meptek, which is market leading in Finland in the housing ventilation sector. Meptek’s products include smaller ventilation units for dwellings, roof fans, cooker hoods, supply air diffusers and extract air registers. The company has a turnover of 180 million SEK, has 65 employees and an assembly plant in Kaarina near Turku in southwest Finland.

Broadening Swegon’s Product Mix
Swegon’s products are used in public buildings, such as office buildings, shopping centres, hospitals, community centres and the like.

“Ventilation for multi-unit dwellings agrees well with the client and consultant contacts we already have. This take over therefore involves a pure broadening of Swegon’s product mix and this feels very satisfying”, says Swegon’s CEO Mats Holmquist.

In the beginning, the new products will only be sold in Sweden and Norway.

The demand for housing ventilation is expected to be enormous for many years to come. Both in new building and refurbishment schemes, new and more stringent energy demands must be followed and this gives rise to a demand for advanced ventilation equipment. Moreover, tenants are making ever stricter demands on comfort, among other reasons, because more and more well-off families choose to live in an apartment.

Learn more about Ilto Oy and Meptek Oy on www.meptek.fi