A key strategic objective for Harvia is to grow and take an active consolidator role in the industry through M&A. Since its public listing in 2018, corporate acquisitions have played an integral part in Harvia’s geographical expansion.
| Year | Company | Country | Transaction in short |
|---|---|---|---|
| 2024 | ThermaSol | The United States | Harvia acquired 100% of the shares of ThermaSol Steam Bath LLC, a leading manufacturer of high-end steam showers and steam rooms in the United States. |
| 2023 | Phoenix El-Mec | Italy | Harvia acquired Phoenix El-Mec srl, a manufacturer of electromechanical timers for sauna heaters. |
| 2022 | EOS Group | Germany | Harvia acquired a 21.4% minority shareholding of EOS Group’s German operations and increased its holding to 100%.. |
| 2021 | Sauna-Eurox | Finland | Harvia acquired Sauna-Eurox, one of the world’s largest suppliers of sauna stones. |
| 2021 | Kirami | Finland | Harvia acquired Kirami Oy, a leading Finnish still water hot tub manufacturer. |
| 2020 | EOS Group | Germany | Harvia acquired a majority share in the German EOS Group, manufacturer of professional and premium sauna solutions. |
| 2018 | Almost Heaven Saunas | The United States | Harvia acquired the business of Almost Heaven Saunas LLC, a manufacturer of outdoor and indoor saunas of entry price range in the United States. |
| Year | Company | Country | Transaction in short |
|---|---|---|---|
| 2022 | EOS Russia | Russia | Harvia divested its ownership in EOS Group’s Russian operations. |
The tables present information about acquisitions and divestments made by Harvia since 2018.
