Construction News

01/10/2007

Aervent Group Bought By Swedish Firm

A Swedish ventilation and construction firm has bought Irish company Aervent in a €7.36 million deal.

The acquisition will make Lindab International AB the leading provider of ventilation products to the Irish market.

Dublin-based Aervent Group is a supplier of products and services for air-duct systems and air movement. It has 30 employees in Dublin and Cork.

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CEO of Lindab Group, Kjell Akesson commented: "We are delighted to enter the thriving Irish market, which is a new market for us.

"This deal represents yet another step in our strategy to accelerate growth in the circular duct business outside of the Nordic countries and it strengthens our position in Western Europe."

Lindab has headquarters in Grevie, Sweden and it develops, manufactures and markets sheet metal products and system solutions for the construction sector.

(JM)

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