Nordomatic completed the acquisition of Echoo Group from ZGI Capital and GK Capital.

Nordomatic, a provider of energy-efficient and cloud-based building automation systems, completed the acquisition of Echoo Group, a developer and supplier of engineering solutions for building management, automation, and electrical systems, from ZGI Capital, a venture capital firm, and GK Capital, a small-scale private enterprise. Financial terms were not disclosed. “Our purpose commits us to putting words into action. And when we say Change today – impact tomorrow, it is also very much about our own mindset within Nordomatic. We must constantly explore new opportunities and innovate – enabling us to help customers achieve solutions that create real economic value for them, while also driving a healthier environment and better future for all of us,” Toke Kjaer Juul, Nordomatic Group CEO.