Inwido Finland signs agreement to acquire Klas1 to enter the architectural market
July 1, 2016
Inwido Finland, part of Europe’s largest supplier of windows and doors Inwido, has signed an agreement to acquire the company Klas1 Yhtiöt Oy, located in Kuusamo, Northern Finland with a turnover of MEUR 1.9. Klas1, which was founded in 1994, specializes in the manufacture and marketing of low energy fixed windows with openable parts for demanding architectural building projects.
“With this acquisition, we complement our offering to cover the needs of demanding architectural building projects. The long experience of Klas1 in the development, manufacture and deliveries for this challenging segment is a very good complement to our existing business,” states Managing Director Timo Luhtaniemi of Inwido Finland.
In April this year, Inwido also announced the acquisition of the majority share in Värmelux Oy.
Inwido Finland is the market leader in Finland manufacturing and marketing windows and doors under the brands Pihla, Tiivi, Eskopuu and Lämpölux. The headquarter is located in Jyväskylä and the manufacturing plants in Kannus, Ruovesi and Haapajärvi.
