Zehnder Group takes over Canadian ventilation company
The Zehnder Group buys the Canadian company Airia Brands. The Zehnder Group is thus further expanding the share of its ventilation sales in North America.
The Zehnder Group will complete the acquisition of the Canadian company Airia Brands Inc. in the next few days. The Aargau expert for ventilation and radiators has now announced this. Nothing was known about the purchase price. Airia designs, manufactures and sells heat recovery ventilation. Their products are sold under the Lifebreath brand in the north of the Americas.
The company reportedly employs around 150 people. In 2021 it achieved sales of around 38 million euros. The Airia headquarters in London in the province of Ontario will be retained and the workforce including the operational management team will be taken over.
“The Zehnder Group and Airia – that’s a perfect match for us,” said the CEO of the Zehnder Group, Matthias Huenerwadel. “The Lifebreath brand stands for healthy, energy-efficient and environmentally friendly indoor climate solutions, just like the Zehnder brand. With the acquisition of Airia, we are significantly expanding our market position in North America, and we intend to continue to grow in the future”, in line with the company motto “Growth for ventilation – harvest for radiators”.
The acquisition of Airia will significantly increase ventilation sales as a percentage of total sales in North America. The Zehnder Group operates in North America from its office in Buffalo, New York. The company develops and manufactures its products in 18 of its own plants worldwide. Of these, three are in North America and another three in China.