Leading trade fabricator Dekko Window Systems has sold a majority stake to leading European window group Inwido, securing continued development and expansion of the business.
With 29 business units across 11 countries, Inwido now owns a 70% share of the company.
Dekko Sales Director Kurt Greatrex comments: “The acquisition is very exciting news for Dekko – Inwido only invest in the very best companies, and their financial backing will allow us to invest in new products, increase production, and ultimately drive the business forward.
“For Dekko, it will be business as usual – our existing shareholders will retain a 30% share in the company, and there will be no major changes to the management or wider team moving forward, with our Managing Director Gary Torr remaining at the helm.”
Based in Malmö, Inwido is Europe’s leading window group with around 4,600 employees across Sweden, Denmark, Finland, Norway, Romania, Estonia, Ireland, Lithuania, Poland, and the UK.
“Achieving sales of £607 million in 2021, Inwido is a leading, responsible and successful window and door group that we are pleased to become a part of,” comments Dekko Managing Director Gary Torr.
“Their business concept is to develop and sell the market’s best window and door solutions through a decentralised management structure. This fits very well with Dekko, and we feel confident that this will be a good match.
“By boosting our business with Inwido’s backing, we see promising opportunities to accelerate our own development and continue to win market shares in the UK market.
“We’d like to take this opportunity to say a huge thank you to our staff, customers, suppliers and stakeholders for their continued support, and with this recent acquisition, we look forward to a bright future.”