May 20, 2015

Lindab acquires Ventilation Company with technical products and solutions expertise

Lindab has today entered into an agreement in principle with the IMP TIO Group to acquire IMP Klima. IMP Klima's business includes products and solutions for ventilation and indoor climate with specific expertise in air handling units and fans. The acquisition strengthens Lindab's ambition to develop its position as a complete supplier of ventilation and indoor climate solutions.

​IMP Klima has its registered office and principal business in Slovenia, with units for production and a modern research and development centre. Production is also carried out in Sarajevo, Bosnia. Turnover amounted to around EUR 25.6 million in 2014 and the business employs approximately 415 employees. Sales are primarily to the Balkans, Russia, Europe and the Middle East. 
Lindab's President and CEO, Anders Berg, commented:
"Through the strategic acquisition of IMP TIO's climate business we sharpen our offering even further and strengthen our competence in complete solutions, which also means greater confidence for our customers. Earlier this year, Lindab acquired MP3 with excellence in fire and smoke protection, and now we take a further step in the realisation of our strategy.

The air handling unit is an important part of a ventilation offering, which is why IMP Klima, characterised by high quality and great competence, forms a very important and welcome addition to Lindab's business and adds strength within a number of areas other than air handling units as well. Furthermore, we strengthen our market position in several areas."

The acquisition is expected to generate synergies primarily on the sales side, and will make a positive contribution to Lindab's business within a year. 

The completion of the transaction is subject to final registration of restructuring on the seller's side as well as to approval from certain national competition authorities.