Amsterdam/ Munich/ Schwäbisch Hall, 6 January 2021 – Egeria, an independent pan-European investment company, announced that it will acquire a majority interest in Klafs.
Klafs, headquartered in Germany, is the world’s largest manufacturer and integrator of high-quality sauna systems, steam baths and complementary products and services. The sellers as well as the management team have retained minority stakes in the company and management will continue to lead the business. The acquisition is still subject to customary closing conditions and is expected to be finalized in the first quarter of 2021. Financials details of the transaction have not been disclosed.
Klafs, founded in 1952, has achieved significant organic growth over the last years. The company is headquartered in Schwäbisch Hall (GER), has 733 employees and is the clear market leader in the DACH region with 25 showrooms as well as four production sites in Europe. The company focuses on customized and premium saunas and spas for private as well as commercial customers. The investment by Egeria provides the company with the financial backing and operational support to accelerate growth through further international expansion and acquisitions.
Hannes Rumer, Partner and Managing Director at Egeria in Munich: “Historically, Klafs has displayed an impressive track record of growth. Through continuous entrepreneurship and product development, Klafs has built a leading market position and is a strong platform for further growth. We look forward to partnering with management and supporting the company during this next growth phase.”
Stefan Schöllhammer, shareholder and CEO of Klafs: “We are very excited to take Egeria on board as a new partner. Over the past 30 years we have continuously developed Klafs into the world market leader for integrated saunas. We believe Klafs is now ready to accelerate international growth and see Egeria as ideal partner for Klafs.”
About Klafs Group
Founded in 1952, Klafs is the world’s largest manufacturer and integrator of high-quality integrated sauna systems, steam baths and complementary products and services. Klafs sells products in the private as well as commercial segment (incl. hotels, spas, fitness studios, etc.). The company focuses on customized and premium saunas and spas to address the main key purchasing criteria of quality and comfort. Klafs operates a fully integrated value-chain in four production sites (Schwäbisch Hall, Miloslaw, Sittenhardt and Mudau). Next to the Klafs brand, the company also operates Röger (medium-price sauna segment) as well as SSF (premium swimming pool integrator) as separate brands.
For more information on Klafs, please visit www.klafs.de.
Egeria is an independent pan-European investment company founded in 1997, which focuses on medium-sized companies. Egeria invests in healthy companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria believes in building great businesses together with entrepreneurial management teams (Boldly Building Together). Egeria Private Equity Funds hold investments in ten companies, Egeria Evergreen has investments in six companies. Egeria’s portfolio companies have a combined turnover of c. EUR 2 billion and employ close to 10,000 people. Other activities are Egeria Real Estate Investments and Egeria Real Estate Development. In 2018, Egeria has launched EgeriaDO, a corporate giving program sponsoring projects in the fields of the arts, culture, and social objectives.
For more information on Egeria, please visit: www.egeriagroup.com.