The industrial conglomerate Ernströmgruppen acquires the Ouman Group and establishes itself as a major player in building automation in Northern Europe.
Ouman develops, manufactures and sells products and services for building automation and energy saving measures of real estate and industries. With the head office in Finland the company has a strong presence in Estonia, Sweden and Russia. The main production plant is based in Estonia. The group has a total turnover of 35 MEuro through its approximately 300 employees.
"Ernströmgruppen continues to build a strong industrial conglomerate with companies working in future niches. Building automation has long been a priority area as it fits very well with our ambition to be an owner who positively influences social development towards a digital and sustainable future.
In accordance with our decentralized governance model, Ouman will continue to operate as an independent business, with its existing management, in our eco-system of well-managed companies", says Ernströmgruppen’s CEO Pontus Cornelius.
“I am excited by this opportunity to join a growing and ambitious group of companies run by entrepreneurial minded people. I am also thankful for the support that the company had received from its previous owner, AAC Capital, which has helped us double Oumans turnover and profitability during the last six years. I strongly believe in Ernströmgruppens decentralized model that gives Ouman the possibility to develop its business well prepared for a sustainable future.
For customers the message is stability and continuity, we still aim at serving them better every year. For the society our aim is to keep delivering our motto “Saving energy, creating comfort” For our staff this change means that we will continue to work with our strengths focusing on developing the business and our long-term customer relationships” says Matti Lipsanen, CEO of Ouman Group.
