Vaaka-backed Produal bolts on Zone Controls

Finland-based Produal develops and manufactures building automation controls, such as electronic thermostats, power controllers and thermal actuators.

The bolt-on of Zone Controls will expand its offering by adding indoor climate control systems, as well as improving Produal's market position in Sweden. The deal will also strengthen the Finnish company's strategy of internationalisation.

Vaaka took majority ownership of Produal in October 2012 through a secondary buyout from Midinvest, which had bought the company in 2008.

Company
Zone Controls is a Swedish building automation company that develops and produces electronic control systems for heating, cooling and ventilation.

Founded by Rolf Strand in 1990, the family-run company is based in Västerhaninge, south of Stockholm, where it employs 17 people.

According to publicly available data, Zone Controls had revenues of SEK 27m and profits of SEK 2m in 2013.

People
Ari Mårtensson is the managing director of Produal, while Annika Strand is CEO of Zone Controls.

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• Topics
• Nordics
• Industrials
• Expansion
• Sweden
• Finland
• Vaaka Partners Ltd (Formerly Pohjola)