Sweden’s Svensson Acquires Hinova
Sweden-based textiles company Svensson, which manufactures climate screens for greenhouse cultivation, recently announced it has acquired Hinova, a producer of innovative vertical ventilation systems.
According to a news release, the seed of the deal was planted in 2021, when AB Ludvig Svensson (of Svensson) and Beektech Industries BV (of Hinova) started a distribution agreement and collaboration Svensson introduced ClimaFlow, a solution that combines Hinova’s VentilationJet System and Svensson’s Climate House advisory service. What began as a partnership between two innovative brands has led to a strategic business acquisition by Svensson.
Starting June 1, 2022, Svensson owns Hinova including its assets, according to the news release. Hinova will be part of the Svensson group and act as an independent production and development company, whereas all sales are performed as ClimaFlow by Svensson. Hans Weisbeek, the former owner and general manager of Hinova acts as an external partner to Svensson and offers his knowledge and expertise to ensure that the ventilation jet system will stay innovative.
“We are happy to announce also that all other Hinova employees stay on board within Hinova to help build a stronger organization,” Svensson wrote in the news release.
Svensson will continue to broaden its climate solution offering by giving growers the tools to control humidity, temperature, light, and UV radiation, excelling conditions are created for better and greater production in greenhouses, according to the release.
Hinova aligns perfectly with Svensson’s philosophy and high-quality standards, the company said. In addition, by adding the knowledge and products of Hinova to its offering, Svensson grows further towards the ambition to be a leading climate solutions partner in the horticultural industry by offering ClimaFlow.
ClimaFlow gives growers the ability to keep their climate screens closed, utilizing the screen to its fullest, achieving an optimal, homogenous climate for their crop.