Natixis Partners advised Airvance, a leading player in the HVAC (heating, ventilation and air conditioning) segment, on the acquisition and financing of Saint-Gobain’s ventilation systems distribution activities in the Nordic countries, a global leader in construction.

With €415 million in revenue in 2025, 950 employees and 62 points of sale, this business is one of the key players in ventilation systems distribution and operates across three countries: Bevego in Sweden, Ventistål in Norway and Øland Airforce in Denmark. These new entities, recognized for their expertise and strong local presence, will enhance the Group’s offering and strengthen its ability to meet the needs of Nordic markets. This transaction is part of a controlled growth trajectory, positioning Airvance Group as a leading player in the sector. Airvance Group will further consolidate its leadership in the distribution of HVAC solutions and metal profiles, leveraging the expertise and reputation of the newly acquired entities. Synergies between teams and know-how will enable the Group to offer an expanded range of products and services, while ensuring closer proximity to Nordic customers. This upcoming acquisition is fully aligned with the Group’s external growth strategy, with the objective of generating strong synergies and unlocking new opportunities in high-potential markets. Building on the experience of its teams and the strength of its local brands, Airvance Group is establishing a solid platform to accelerate its development in Northern Europe. In less than ten years, the Group has grown from €110 million to more than €600 million in revenue and is now approaching the symbolic €1 billion milestone. This remarkable trajectory, supported by a 100% family-owned heritage and a European vision, reflects sustainable growth and a shared ambition across all teams. With this transaction, Airvance Group reaffirms its ambition to become the European leader in HVAC solutions, while continuing to expand through a strategy focused on quality, innovation and proximity.