Press releases

Ernströmgruppen has signed an agreement to acquire 100% of the shares in the installation and service company AirControl AB.  The company, based in Borås, is an authorized Nibe partner.  AirControl provides consulting, sales, installation, and service of air-to-air heat pumps as well as comfort cooling. AirControl, which has a turnover of 12 million SEK, 5…

Ernströmgruppen has acquired 70% of the shares in MCS Elektrotavler AS, a Norwegian manufacturer of encapsulated electrical technology with design and production facilities in three locations near Oslo. With a turnover of NOK 120 million in 2022, the company will now be part of the Electro Cluster within the New Platforms business area.  Founded in 1998,…

Ernströmgruppen has signed an agreement to acquire Varmeteknikk AS, Norway's leading manufacturer of electric boilers. Varmeteknikk will be part of the Water & Heating business area. Varmeteknikk is a company with a notable history, founded over hundred years ago. Sales amounted to 58 mnok in 2022 are made both domestically and through export to several…

Ernströmgruppen has reached an agreement to acquire all shares in Termorens AS, which specializes in minimizing the occurrence of bacteria in drinking water. Termorens is Ernströmgruppen’s second acquisition in Norway this year as well as the second add-on acquisition for Armaturjonsson under the business area Water & Heating. In drinking water installations, Termorens serves to…

With the acquisition of Chemiclean AB, Ernströmgruppen expands its range of energy-saving and energy-efficient products. The company offers efficient methods for cleaning, treating and filtration of energy recycling systems in both the real estate and industrial sectors. Since the founding of the company, Chemiclean has concentrated on energy efficiency and developed a variety of unique,…

With a share transaction concluded on 30 June, MuoviTech purchases the entire share capital of TT-Plast Oy, based in Pori, Finland. The acquisition will strengthen the status of both companies in the manufacture of polyethene pipes, introducing synergy benefits to their operations. Climate change impacts the weather and climate in various ways, such as rising…

In recent years, it has become more common for the manufacture of, among other things, components, spare parts and tools to be adapted as needed, instead of only relating to specific standards. As a result, 3D printers have become increasingly common. 3D printers can be used by both consumers and businesses, when standardized products do…

The pandemic has shown the need for, among other things, vaccine production in the vicinity of consumers. New vaccine factories are being planned throughout the industrialized world. Clean Utility Technology's tailor-made clean water systems make these kinds of constructions possible. Together with Ernströmgruppen, the company gets the power required to grow outside Sweden. Clean Utility Technology installs…

Water is used in all kinds of industry and infrastructure, e.g., for washing, cooling/heating, and as a cleaning agent. This means that water becomes contaminated and therefore cannot be returned to nature without careful and extensive treatment. Armaturjonsson and Novatek are both active companies concerned with the proper use of our planet's most important resource,…

The Swedish electricity grid is neglected and operational reliability risks deteriorating when the need increases. An extensive upgrade is therefore a matter of fate if Sweden is to electrify more areas of societyand cope with climate change. Ernströmgruppen wants to be an active player in that work. Therefore, thecompany acquires the Örebro-based company Hammarel, which…

The acquisition strengthens the companies' position since the requirements for climate change alternates the market. Climate change is driving the development of geoenergy and safe water supply – areas where both MuoviTech and Värmdöpumpen provide a wide range of high-quality products and services. Together, the two companies are now strengthening their offer in geoenergy, water…

Ernströmgruppen AB has today entered into an agreement to acquire 100% of the shares in Daniamant A/S group from NTR Holding A/S. "We are pleased to welcome Daniamant and its team on board as a global niche leader complementing Ernströmgruppens´ subsidiaries CM Hammar and Polyform. Our combined entrepreneurial strength in marine safety will benefit our…

Ernströmgruppen acquires Cromocol Scandinavia AB. “With Cromocol we get an exciting company with great potential, for example within plant cultivation, which we believe will be an important part of the necessary transition to more sustainable agriculture. We are always looking for well-run companies with driven entrepreneurs who want to remain in the business and develop…

Oy Armatec Finland Ab has acquired the business of Termovent Finland Oy Ab, a sales company in the HVAC sector. The asset acquisition will be effective from the 1st of September, 2021. Oy Armatec Finland Ab is a knowledge-based company that develops customized concepts for water, heating, cooling and process industry. Oy Armatec Finland Ab is…

The Armatec Group, which is a part of Ernströmgruppen, has today acquired 100% of the shares in NordiCold AB. Nordicold is a Swedish supplier in the ventilation industry that develops, markets and sells a carefully selected product range in fans and components for cooling, heating and plumbing. With a broad and deep knowledge in the…

Ernströmgruppen acquires 90.1% of shares in the MuoviTech group. MuoviTech, which has its headquarters in Brämhult, near Borås in Sweden, and subsidiaries in several European countries, is a market leader in manufacturing of collector systems for geothermal energy applications such as renewable heating solutions with ground source heat pumps. The company drives innovation and most…

The family-owned business group Ernströmgruppen is bringing in external shareholders to broaden the expertise at owner level ahead of the next growth phase. The new shareholders will include Erik Selin and Per Josefsson. Ernströmgruppen aims to accelerate the pace of growth and double its revenue within five years, partly by pursuing an active acquisition agenda.…

Today, the Board of Ernströmgruppen AB announces that it has appointed Alexander Wennergren Helm as the new President and CEO. Alexander comes, most recently, from Aleris, where he was CEO between 2017 and 2019. Prior to that, he was the CEO of Hultafors Group between 2011 and 2017, and the CEO of Ernströmgruppen between 2008…

Today, the Norwegian company Ingeniørfirma Paul Jørgensen (IPJ), specialists in solutions and services for controlling and surveilling water and wastewater treatment, becomes a part of Ernströmgruppen. IPJ specialises in operational control and automation solutions for water and wastewater treatment facilities. Their products and services ensure a supply of water and treat wastewater in a safe…

Ernströmgruppen makes its second acquisition of the year and its fourth in the field of electrical engineering. Trans El Matic AB (TEM) is a Swedish system supplier in electric power and automation technology with solutions for building automation, power stations for light and heat control, and well as switchgear solutions for small and large industrial…

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,…

The industrial conglomerate Ernströmgruppen acquires 100% of the shares in BS Elcontrol AB, which will be the third company in electrical engineering and automation in the sphere. The company specializes in designing and manufacturing control cabinets and automation equipment for controlling machines and facilities. Today, they are one of the leading players in the Swedish…