Airvance Group announces the acquisition of UltimAir, a subsidiary of Swegon Group AB, a leading Dutch distributor of heating, ventilation, and air conditioning (HVAC) s.olutions.
This strategic transaction marks a new milestone in the Group’s European expansion and sustainably strengthens its presence in the Benelux region.
A Strategic Acquisition to Drive Growth in Europe
Finalized on March 31, 2026 with Swegon Group AB, this acquisition is fully aligned with Airvance Group’s growth strategy in high-potential European markets. By integrating UltimAir, Airvance Group is consolidating its position in key segments of the HVAC market and pursuing its ambition to become a leading European player in ventilation and indoor air quality.
Based in the Netherlands, UltimAir benefits from strong local roots and a long-standing close relationship with installers. Its distribution expertise complements the existing know-how of Airvance Group, thereby strengthening the Group’s overall performance and its ability to support its customers across Europe.
Strengthening the Benelux region while preserving local identity
The integration of UltimAir is based on a fundamental principle : business continuity and respect for local identity. UltimAir teams will continue to manage the company’s operations, working closely with the teams at Airvance Group, to ensure a high level of service for customers and partners.
This phased approach fosters the development of commercial and logistical synergies, while leveraging UltimAir’s in-depth knowledge of the Dutch market and its corporate culture.
A Transaction Creating Sustainable Value
With this acquisition, Airvance Group confirms the consistency and strength of its European development strategy. Present in 15 countries and active in more than 50 export markets, Airvance Group is pursuing a growth trajectory based on:
- Targeted and well-managed acquisitions,
- Recognized expertise in indoor air treatment and quality,
- An effective distribution model,
- And close ties to local markets.
The integration of UltimAir thus contributes to strengthening the creation of sustainable value for all stakeholders, in a sector driven by major structural challenges : energy efficiency, building comfort, and indoor air quality.
A growth dynamic driven by our teams
Beyond economic considerations, this acquisition is above all a human journey. Airvance Group places people at the heart of its development. Welcoming the UltimAir teams means enriching the Group with new expertise, committed talent, and a strong entrepreneurial culture.
In 2025 , 13 of our subisidiaries earned Great place To Work certification
Joining Airvance Group means becoming part of a growing, Europe-wide group that values:
- Professional expertise,
- Customer proximity,
- Synergies between subsidiaries,
- And skills development.
