Velux makes US acquisition

The new CEO of Velux has made its first acquisition step. The Danish skylight manufacturer is buying a smaller US competitor.

Photo: /Ritzau Scanpix/Mads Joakim Rimer Rasmussen/

Velux will take up more of the booming US market where a prolonged economic recovery has invited more construction. The Danish skylight manufacturer is buying the smaller US company Wasco Products, which also manufactures skylights, reports Børsen.

The acquisition is the first since David Briggs took up the role as CEO of Velux. With the acquisition, Velux will become the second-largest player within skylights in the US, while he will also gain access to the commercial market.

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