20th December 2022
Specialist corporate lawyers have advised Swegon Limited and its main shareholder, Swegon Group AB (wholly owned by Investment AB Latour) on its proposed acquisition of air handling units (AHU) manufacturer, Dalair Limited with completion expected to take place in January 2023.
The company was founded in 1981, has 150 employees, with the head office in Wednesbury and two additional sales offices in London and Manchester. The company’s net sales in 2021 amounted to £17m.
Swegon further strengthens its position in the UK&I through the acquisition of Dalair, a family-owned manufacturer of bespoke AHU based just outside Birmingham. The company is one of the AHU market leaders in the UK, with a highly regarded brand and offers AHU in various segments covering commercial buildings, offices, retail, health care and pharmaceutical industries.
Andreas Örje Wellstam, CEO at Swegon Group, commented:
“I am glad to welcome Dalair to the Swegon family. Dalair has over the last four decades become a renowned brand in the market that is well-known for their strong customer relationships and high-quality products.”
Rebecca Palm Ballesta, Corporate Development Manager at Swegon Group, added:
“Walker Morris’ experienced team showed in-depth understanding of the deal and were able to quickly and easily involve colleagues with expert specialist knowledge to enable us to make informed decisions. The whole Walker Morris team provided great support throughout the transaction and the DD process.”