CENTROTEC subsidiary WOLF acquires PRO-KLIMA

Description

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CENTROTEC subsidiary acquires Croatian climate control and ventilation equipment manufacturer PRO-KLIMA

Wolf, the heating and climate control technology specialist that is a member company of CENTROTEC Sustainable AG, is taking over the Croatian climate control and ventilation equipment manufacturer PRO-KLIMA d.o.o..

This company, based in Samobor near Zagreb, is market leader in Croatia and also exports 55 percent of its production to neighbouring countries in Southeast Europe, in particular to Russia, Germany and Austria. PRO-KLIMA generated revenue of around EUR 13 million last year. The acquisition gives CENTROTEC access to a market in which it has hitherto had only a minor presence. In addition PRO-KLIMA’s highly versatile, Eurovent-certified range of climate control equipment ideally complements the group’s existing product portfolio. The purchase is scheduled for completion in the second quarter of this year. It was agreed not to disclose the purchase price.

CENTROTEC Sustainable AG

CENTROTEC Sustainable AG enjoys a presence in around 50 different countries through subsidiaries and sales partners. The principal group companies are Wolf, Brink Climate Systems and Ned Air in the Climate Systems segment, specialising in heating, climate control and ventilation technology e.g. in the form of solar thermal systems, CHP units and home ventilation systems with heat recovery, as well as Ubbink and Centrotherm in the Gas Flue Systems segment, with their focus on gas flue and air piping systems. CENTROTEC is consequently Europe’s only listed full-service provider of heating and climate control technology, solar thermal systems and energy-saving solutions for buildings.

Source:
http://www.centrotec.de
http://www.wolf-heiztechnik.de

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