The VELUX Group’s acquisition of JET-Group approved
The acquisition is final, following approval by competition authorities.
Competition authorities in Germany and Austria approved the acquisition and plans are being made for the integration of JET-Group into the VELUX Group.
“The approval of our acquisition of JET-Group means we can now move ahead with our plans to strengthen our foothold in the commercial market,” says David Briggs, CEO of the VELUX Group. -> More information
The VELUX Group to acquire JET-Group from Egeria
The agreement is subject to approval by German and Austrian competition authorities
VELUX A/S and Dutch investment firm Egeria have reached an agreement concerning the sale of JET-Group to the VELUX Group. The decision to acquire JET-Group, a European leader in industrial roof light systems, is in line with the VELUX Group’s growth strategy and specifically the desire to grow its business in the non-residential market for daylighting solutions. The acquisition of JET-Group is the second by the VELUX Group this year, with Wasco Products Inc., a US skylight manufacturer, announced in April. -> more information
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