Felderer AG (“Felderer”), a specialist in ventilation and air conditioning technology, has been acquired by the listed Swedish group Lindab International AB (“Lindab”). With the acquisition, Lindab significantly expands its current operations in Germany, multiplies its sales and gains a strong position throughout the country.
With 40 years of history, Felderer has positioned itself as a market leader in the ventilation technology sector. Felderer operates as one of the largest distributors of ventilation ducts, silencers, diffusers and fire protection products. The company achieved revenue of c. EUR 70 million in 2021. With seven locations in Germany, Felderer can handle projects nationwide and is also a key supplier for larger plant manufacturersFelderer supplied i.a. the ventilation technology for the EZB Tower in Frankfurt or the the ceremonial rooms in Neuschwanstein Castle.
Lindab, which is represented in 24 countries, primarily develops, manufactures and sells products and system solutions for simplified construction and for an improved indoor climate. With its approximately 4500 employees, the company achieved a revenue of EUR 903 million (SEK 9,648 million) in 2021.
“Felderer is a customer-focused company with a high level of service and solid ventilation knowledge. It is an acquisition that complements Lindab on many levels”, says Ola Ringdahl, President and CEO of Lindab. “The German market has great potential for us. Like the Nordic countries, the buildings are well insulated and need efficient, high-quality ventilation. In addition, German authorities are focusing on reducing energy consumption in both new and existing buildings. It is an optimal combination for Lindab. Together with Felderer, we are significantly expanding and broadening our ventilation offering in Germany. We look forward to developing the company further together with Managing Director Klaus-Philipp Felderer and his competent employees.”
“Together with Lindab, there are great development opportunities for Felderer AG in the German market, which will benefit our customers, partners and employees. We look forward to a dynamic cooperation with our strong and sustainable partner Lindab.”, says Klaus-Philipp Felderer, CEO and owner of Felderer.
The IMAP team consisting of Andreas Widholz, Solveig Sager and Nikolaya Stoilova exclusively advised Mr. Felderer and Felderer AG during the M&A process and supported them in negotiating and successfully closing the transaction.
The acquisition is subject to approval by the German anti-trust authorities. If approval is obtained, the transaction is expected to close during the second quarter of 2022.