EnergyWatch

Velux carries out its largest acquisition to date

The Danish cleantech group is taking over a large Dutch business and is establishing a new division

Photo: /Ritzau Scanpix/Mads Joakim Rimer Rasmussen/

The Danish manufacturer of cleantech products such as skylight windows, Velux, has conducted what it is being called its largest acquisition ever. The company is acquiring German firm Jet-Group from Dutch investment company Egeria.

Neither Velux nor Egeria wish to inform about the selling price. The scale of the deal can, however, be ascertained from the fact the Jet reports its annual revenue to be EUR 170 million, and it employs 800 personnel.

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