Callenberg buys HVAC operation from ABB

The Callenberg Group AB has signed an agreement with ABB Automation Technologies AB concerning the acquisition of ABB’s Gothenburg-based Marine Ventilation operation. The agreement goes into effect on June 30, 2005.

The Callenberg Group AB is wholly owned by the Swedish private equity company Segulah. The Swedish-based part of the Callenberg Group consists of the business units Callenberg Engineering, Andersson & Callenberg, and El-Marine.

Additionally, there are subsidiaries in Denmark, Norway, the USA, Singapore and China. The Callenberg Group is one of Scandinavia’s leading companies in electrical, automation and HVAC systems for the offshore and marine industries. Taking the acquisition into account, the annual sales revenue of the Group will amount to approx. SEK 800 million.

New subsidiary In conjunction with the acquisition, a new company, Callenberg Fläkt Marine AB, has been founded as a wholly-owned subsidiary of the Callenberg Group. As has been the case to date, the operations of Callenberg Fläkt Marine will be run from Gothenburg, Sweden. “The operations of Callenberg Fläkt Marine are a natural and powerful complement to our Oslo-based HVAC business, AC Marine AS, which was acquired from ABB in December of 2003. The primary focus of this business is the global, offshore-based oil and gas industry,” says Callenberg Group CEO Lars Marcusson. Callenberg Fläkt Marine has a strong position in the marine industry. Its presence on important marine markets will be considerably reinforced by coordinating its sales offices and agent networks with Callenberg’s existing marketing organization. The expertise and resources that Callenberg Fläkt Marine brings to the Callenberg Group will considerably improve the Group’s joint capability to carry out large and technically complex assignments within its core fields of operation. In conclusion Lars Marcusson says: “Although the deal does constitute a major change for us, our customers can rest assured that it’s business as usual for them.”