Här är några nyare och större nyheter från Harvia.
Due to Harvia’s strong balance sheet, acquisitions have been expected from the company, either in the US infrared or steam solution markets to accelerate growth. We assumed organic expansion on the steam market would be slow for Harvia due to the different distribution network needed in the steam category compared to the other sauna category, which, we believe is more focused on wholesalers of plumbing supplies. ThermaSol with a revenue of 14 MUSD (in 2023) is a small complementary acquisition in Harvia’s scale (2023 revenue 151 MEUR), but we see prerequisites for the Group to scale the acquisition item.