Herna, Germany: Fläkt Woods, which provides air technologies solutions for HVAC systems, and DencoHappel, which purveys air treatment, air conditioning, filter technology and cooling process air solutions, have merged to operate under the name, FläktGroup. Speaking on the occasion, a company source said the merger will create a new European market leader for energy-efficient air technology solutions.
The company revealed that in 2015, the combined company generated revenues of approximately EUR 700 million (pro forma), and has approximately 3,800 employees.
Dr Walter Rohregger, CEO of FläktGroup, said: “I believe this transaction is based on a perfect match. We are very enthusiastic about working together, as our teams share the same entrepreneurial mindset, with a dedication to customer satisfaction employing highest quality and safety standards. As a global company with strong European roots and with the combined strengths of Fläkt Woods and DencoHappel, FläktGroup will be able to better serve our customers with a broader product range and an expanded sales, service and manufacturing footprint.”