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Ernströmgruppen’s Flow Technology acquires Eveco

Flow Technology has acquired 80% of the shares in Eveco Handel AB, a supplier of smart products and systems for cooling, heating, and air comfort for commercial premises. The company has a turnover of 120 MSEK and will be included in the business area Flow Technology.

Eveco is based in Mölndal and sells, among other things, fan coil units, fan heaters, and air curtains with accompanying control technology to ensure a good indoor climate. The company offers customized solutions for the best possible indoor climate and contributes expertise throughout the process from requirement specifications, products, and service.

Eveco becomes a strong addition to Flow Technology as their products emit heat and cool from water-based systems including heat pumps, district heating, and electric boilers, products that several of Ernströmgruppen's companies distribute. Through industryleading solutions, Eveco has over time established a strong market position with sales to the professional segment and constitutes a strong addition to the other companies within
the business area. The company therefore fits well into the continued building of Flow Technology as an independent and sustainable business area.

Read full press release here (PDF document, 116 kB)