Share 2016-09-30 15:19 RATOS B 40.33 SEK



airteam offers high-quality, effective ventilation solutions in Denmark. The company focuses on project development, project management and procurement where the projects, to a large extent, are carried out by a broad network of quality-assured subcontractors. Furthermore, airteam offers maintenance and service of its installed solutions.

airteam conducts projects throughout Denmark and its customers are often major construction contractors in both renovation and newbuild. The company has strong, established customer relations and works closely with customers, joining forces to develop the best, most effective solutions. airteam has offices in seven locations across Denmark and its head office is in Aarhus.


The Danish construction market has structural growth potential based on increased demand for effective, high-quality ventilation solutions. There is an underlying need for large-scale renovation projects and newbuilds in which ventilation plays an increasingly important role. Intensified regulation and specific requirements for energy efficiency and better indoor climate are also expected to drive new business opportunities.

The Danish ventilation market is fragmented. airteam is one of the leading players in its niche and competes with companies such as Bravida, Caverion and Kemp & Lauritzen. While the market is cyclical, it has historically shown good structural growth and is expected to grow an average of 5-7% annually in the years ahead.

The year in brief

The agreement to acquire approximately 70% of the shares in airteam was signed in February 2016. The purchase price (enterprise value) for 100% of the company amounts to approximately DKK 575m, of which Ratos has provided DKK 272m in equity. The transaction was completed in April 2016.


Under Ratos’s ownership, airteam will continue to develop its agenda regarding relevant sustainability issues, focusing on such key areas as energy efficiency, working environment and safety.

Development potential

airteam is a fast-growing company with a strong, customer-oriented corporate culture that has dedicated employees, a leading market position and an attractive business model. Ratos ideally invests in companies that promote increased energy efficiency and views airteam’s expertise in energy-effective ventilation solutions as a strong point. There is vast potential to develop the business further through organic growth in current markets and through studying acquisition candidates and international expansion.