Fläkt Woods

Fläkt Woods manufactures and distributes heating, air conditioning and air climate solutions for the building industry and until 2013, for infrastructure & industry, when the division was sold to Colfax.

Working closely with the management team, Equistone and Sagard have supported Fläkt Woods plans to explore growth opportunities, which resulted in the acquisition of six build-ups, materialising its strategy of geographic expansion and technological strengthening. Over the investment period, Equistone proactively backed the management team in the industrial reshaping of the group and the company positioning on energy and environmental-friendly system and solution..

VALUE CREATION

In 2007, two air solutions specialists were acquired: Semco in the US and Symor Oy. Caryaire Air Management Systems based in India and Airchal in France were acquired in 2009. Part shares in Finnish-based Iloxair, which specialises in energy recovery Units was purchased in 2012 and, most recently, majority shares in Danish-based ClimateConsult, ventilation and fire safety specialists, were acquired in 2014.

THE EXIT

Equistone sold its Fund III investment in Fläkt Woods to Triton.