ClimateConsult A/S has accepted a firm offer from Fläkt Woods, to acquire the majority of the Company

ClimateConsult headquartered in Hørning (Denmark) is pleased to announce that Fläkt Woods has made a firm offer to acquire the majority of the Company.

ClimateConsult and Fläkt Woods anticipate entering into a definitive agreement once all conditions have been satisfied, which is likely to be during the 3rd quarter of this year.

ClimateConsult and Fläkt Woods indicate that this potential transaction would
increase the size of their business in Denmark by:

  • ClimateConsult keeping its model of a self-contained organisation specialized for ventilation solutions in Denmark.
  • Developing and broadening the Air Comfort and Fire safety offerings for the Danish customers with the support of the Centers of Excellence of Fläkt Woods.
  • Continuity of the management and customers contacts with Jack Hjeronymus and Jesper Hofmann Larsen who will remain shareholders in ClimateConsult.

It is Fläkt Woods intention to also continue developing the business with Øland, his existing historical and strategic partner in Denmark.
If completed, such transaction would enable Fläkt Woods to further develop the foot print of its division Air Comfort & Fire safety Europe (AFE).

Geneva, 02nd July 2014

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