Inwido Finland signs agreement to acquire Klas1 to enter the architectural market

Inwido Finland, part of Europe’s largest supplier of windows and doors Inwido, has signed an agreement to acquire the company Klas1 Yhtiöt Oy, located in Kuusamo, Northern Finland with a turnover of MEUR 1.9. Klas1, which was founded in 1994, specializes in the manufacture and marketing of low energy fixed windows with openable parts for demanding architectural building projects.

“With this acquisition, we complement our offering to cover the needs of demanding architectural building projects. The long experience of Klas1 in the development, manufacture and deliveries for this challenging segment is a very good complement to our existing business,” states Managing Director Timo Luhtaniemi of Inwido Finland.

In April this year, Inwido also announced the acquisition of the majority share in Värmelux Oy.

Inwido Finland is the market leader in Finland manufacturing and marketing windows and doors under the brands Pihla, Tiivi, Eskopuu and Lämpölux. The headquarter is located in Jyväskylä and the manufacturing plants in Kannus, Ruovesi and Haapajärvi.

For more information, please contact:
Timo Luhtaniemi, Managing Director, Inwido Finland Oy,
Phone nb: +35 (0)400 447464

About Inwido
Inwido is Europe’s largest supplier of windows and doors. The company has operations in Denmark, Finland, Norway, Sweden, Austria, Estionia, Ireland, Lithuania, Poland and the UK, as well as exports to a large number of other countries. The Group markets some 20 strong local brands including Elitfönster, SnickarPer, Hajom, Hemmafönster, Outline, Tiivi, Pihla, Diplomat and Sokolka. Inwido has approximately 3,400 employees and generated sales of slightly more than SEK 5.2 billion in 2015. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com

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About Us

Inwido is Europe’s largest manufacturer of windows and doors. The company operates in Denmark, Finland, Norway, Sweden, Austria, Estonia, Germany, Ireland, Lithuania, Poland and the UK and also exports products to other countries. Inwido had in 2015 an annual turnover of over SEK 5.2 billion and has 3400 employees. The Inwido headquarter is located in Malmö, Sweden. Inwido reaches the customer with strong local brands, focused on both the consumer and industrial markets. That way they reach a broad market of windows and doors. In 2015, sales to the consumer market were about 70 percent of total sales, while sales to the industrial market accounted for about 30 percent. The consumer market was dominated by housing projects like renovating, re-building and extending current houses. Projects often motivated by public subsidiaries. The industrial customers are mainly bigger construction company´s and house manufacturer were the business is conducted by frameworks agreements and bigger volumes. Friday September 26, 2014 Inwido was listed as a mid-cap company at NASDAQ Stockholm.

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