Headquartered in Hadsund, Denmark, Aagaard develops, produces, markets and mounts complete turnkey systems for the wood working and furniture globally with a focus on the European market. Aagaard’s products include dust extraction and filter systems as well as silos, which are sold through selected dealers or via proprietary sales offices also controlling installation and service jobs. The company has approximately 34 employees and will continue to operate under the Aagaard brand.
The acquisition price is for an enterprise value of DKK30 million and there is a potential earn out of DKK3 million. Aagaard had 2022 turnover of approximately DKK53 million.
“We continue to build the Clean Air Company and to strengthen our abilities to deliver clean air solutions within wood working industry. With this acquisition we strengthen our position and develop our market presence in primarily Europe”, says Sven Kristensson, CEO Nederman Group.
“With the acquisition of Aagaard we are able to supply a new range of products and solutions to the wood working industry further strengthening our position. I am glad we are able to acquire Aagaard and look forward to continued development of the company,” says Hans Dahlén, Nederman SVP and Head of the Extraction & Filtration Technology Division.
