VELUX Group to acquire JET-Group from Egeria.

VELUX and Dutch investment firm Egeria have reached an agreement concerning the sale of JET-Group to the VELUX Group. Financial terms were not disclosed. The decision to acquire JET-Group, a European leader in industrial roof light systems, is in line with the VELUX Group’s growth strategy and specifically the desire to grow its business in the non-residential market for daylighting solutions. The acquisition of JET-Group is the second by the VELUX Group this year, with Wasco Products, a US skylight manufacturer. “We look forward to becoming part of the VELUX Group and we see a lot of growth potential and possibilities to strengthen our European business to the benefit of our customers and employees" Ralf Dahmer, JET-Group CEO.