Skaala joins the International Window Network
Finland’s second-largest window and door manufacturer, family-held Skaala Group, has sold 80 per cent of its shares to the Austrian-based International Window Network (IFN Group) consortium.
Skaala currently employs 400 people and its sales in 2016 amounted to around 96 million euros. The family business manufactures and sells windows and doors in Finland, Sweden, Russia and the UK.
Skaala’s new majority owner IFN Group holds a strong market position in European window manufacturing and has various window, door, facade and sun protection operators under its umbrella. Together, the companies will strive to expand Skaala’s market position in Scandinavia.
“With IFN Group we are getting a strategically strong partner for the successful development of our company and further market expansion,” explain co-owners Markku and Hannu Hautanen in a press release.
The corporate structure at Skaala will also remain largely intact at present reassures co-owner of the International Window Network, Christian Klinger.
“The existing management team around the owners Markku and Hannu Hautanen is doing a good job,” Klinger points out. “In the near future, I will be in Finland and accompany the consolidation of the company, because Scandinavia has always fascinated me.”
The value of the purchase has not been disclosed.