The VELUX Group’s acquisition of JET-Group approved
The acquisition is final, following approval by competition authorities.
Competition authorities in Germany and Austria approved the acquisition and plans are being made for the integration of JET-Group into the VELUX Group.
The approval of our acquisition of JET-Group means we can now move ahead with our plans to strengthen our foothold in the commercial market,
With the acquisition of JET-Group, the VELUX Group becomes one of the leading players in the commercial market in Europe. Combined with its recent acquisitions of Wasco and Vitral, and the ongoing development of VELUX Modular Skylights, the VELUX Group will build a new commercial division to the benefit of customers.
We now look forward to starting the integration of JET-Group into the VELUX Group. We see a lot of growth potential and possibilities to strengthen our European business to the benefit of our customers and employees,
Ralf Dahmer will head the industrial flat roof segment in the VELUX Group’s commercial division.
The VELUX Group announced on October 11 its agreement to acquire JET-Group from Egeria, an independent Dutch investment company. The agreement was subject to approval by competition authorities in Germany and Austria.
The VELUX Group has been the market leader in the residential market for roof windows for more than 75 years. The VELUX Group’s first step into the commercial (non-residential) market was in 2012, when it launched VELUX Modular Skylights (VMS). Today, the strategy is to develop a leading position in this business area through organic growth and acquisitions.
Jet, part of the VELUX Group.
About the VELUX Group
For more than 80 years, the VELUX Group has created better living environments for people around the world; making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sun screening products and roller shutters, as well as installation and smart home solutions. These products help to ensure a healthy and sustainable indoor climate, for work and learning, for play and pleasure. We work globally – with sales and manufacturing operations in more than 36 countries and around 11,000 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by non-profit, charitable foundations (THE VELUX FOUNDATIONS) and family. In 2022, the VELUX Group had total revenue of EUR 2.99 billion, VKR Holding had total revenue of EUR 4.29 billion, and THE VELUX FOUNDATIONS donated EUR 181 million in charitable grants.
For more information about VELUX Group, visit velux.com.