Lindab acquires the British ventilation company HAS-Vent
Lindab complements its operations in the UK with the acquisition of HAS-Vent Ltd. The transaction strengthens Lindab's sales and production of ventilation products in one of Europe's most important markets.
HAS-Vent is one of UK's leading manufacturers and distributors of ventilation products. The company has its own production of circular, oval and rectangular ventilation ducts, as well as distribution of a wide range of ventilation products. HAS-Vent has ten branches in the UK, some in locations where Lindab does not currently operate.
"We look forward to welcoming HAS-Vent to Lindab", says Ola Ringdahl, President and CEO of Lindab. "Lindab and HAS-Vent have been working side by side in the UK market with a similar product range and customer philosophy, so it feels natural that we now join forces to provide even better distribution and service to our customers. We are also delighted that the current owners, Jonathan Black and Peter Slater, will continue to run the business as part of Lindab."
"We look forward to being part of Lindab and gaining access to an even wider product range, while contributing both ventilation expertise and in-house production. We share Lindab's conviction that high quality and close relationships with customers are important success factors.", says Jonathan Black and Peter Slater, joint Managing Directors for HAS-Vent.
Left to right- Iain Robertson (Lindab Ltd. Managing Director), Peter Slater & Jonathan Black (HAS-Vent joint Managing Directors), and Ola Ranstam (General Counsel, Lindab Group)
HAS-Vent has 105 employees and an annual turnover of approximately SEK 280 million, with an operating margin that is higher than Lindab's. The company is headquartered in Birmingham and has operations in ten locations in the UK. The acquisition is financed through Lindab's own funds.
Read more about HAS-Vent on their website: has-vent.co.uk