Lindab completes the acquisition of ventilation distributor Felderer
On March 1, Lindab announced the acquisition of the German ventilation distributor Felderer. The acquisition was subject to approval by the German competition authorities, which was received on 30 March. Lindab has today completed the acquisition and Felderer will be part of Lindab from 29 April.
Felderer is one of Germany's largest distributors of ventilation products such as ducts, silencers, diffusers and fire protection products. They also manufacture circular ventilation ducts. Sales and distribution take place at seven locations in southern and western Germany. With the acquisition, Lindab's sales in Germany will more than double and Lindab gains a strong position throughout the country.
Felderer AG is based in Feldkirchen outside Munich. The company has annual sales of approximately SEK 700 million and has 160 employees.
Read more about Felderer on their website: felderer.de/
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Lindab in brief
Lindab is a leading ventilation company in Europe. Lindab develops, manufactures, markets and distributes products and systems for energy-efficient ventilation and a healthy indoor climate. The products are characterised by high quality, ease of installation and environmental thinking.
The Group had sales of SEK 9,648 m in 2021 and is established in 20 countries with approximately 4,500 employees. The Nordic region accounted for 55 percent of sales in 2021, Western Europe for 29 percent, Central Europe for 14 percent and Other markets for 2 percent.
The share is listed on the Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB.