EnergyWatch

Velux CEO on the hunt for major acquisitions

The new CEO of cleantech giant Velux is ready to dig deep and spend money on acquisitions after a record result, even though it will affect the margins in the near future.

Photo: VKR Holding

VKR holding is brimming with spare change. Although the holding company behind skylight manufacturer Velux paid out dividends amounting to roughly DKK one billion last year, the company still has a small billion left to play with, after a record-high DKK 2.6 billion result.

Now the CEO has announced that he is ready to fling open the coffers. Where VKR has primarily invested in smaller companies such as last year's purchase of Krone Vinduer and Parta, the new CEO will execute a far more "active investment strategy", which could mean acquisitions of a much larger caliber – even if it means lower earnings in the coming years.

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