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 – says David Briggs, CEO of the VELUX Group.
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 – says Ralf Dahmer, CEO of JET-Group.
Ralf Dahmer will head the industrial flat roof segment in the VELUX Group’s commercial division.
JET-Group is a leading European supplier of daylight solutions, ventilation products and smoke and heat exhaust ventilation systems. Its main products include light domes and continuous roof lights, which are mainly used in the industrial and municipal construction sectors. The international JET-Group has close to 800 employees, with headquarters in Hüllhorst Germany, and has a sales presence in 11 European countries and six production sites in four countries.