Austrian IFN-Holding AG has on 24 October 2017 signed and agreement to acquire 80% of Finnish window manufacturer Skaala Group. CAG acted as an advisor to Skaala Group regarding the transaction. Skaala was established in 1956 and owned by the Hautanen family. In 2016, Skaala Group had a turnover of EUR 96 million in 2016 and approximately 400 employees.
With the acquisition, Skaala becomes a part of the IFN/Internorm Group which is one of the largest manufacturer of windows, doors, facades and sunscreens and is represented in 22 European countries. The group was established in 1931 and is owned by the Klinger family. In 2016, the group generated net sales of EUR 500 million and had over 3,000 employees. “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.