November 14, 2023
Translink Corporate Finance acted as financial advisor to Vargas Holding and its portfolio company, Aira, in the acquisition of the German platform, Garant Wärmesysteme.
Aira, a Swedish company committed to revolutionising residential heating in Europe, has invested in Garant Wärmesysteme, a prominent German platform. Aira is a leader in innovative energy technology solutions, particularly in the field of heat pumps, with a mission to reduce carbon dioxide emissions from residential heating by an impressive 75%.
Leonhard von Harrach, CEO of Aira Germany, shared his insights on this strategic collaboration, emphasising Garant’s regional expertise and extensive experience. He highlighted that this partnership will significantly accelerate Aira’s efforts to reach more households in Germany. Both companies are deeply committed to sustainable energy solutions and share a unified vision for the future. Von Harrach expressed his confidence in the mutual learning opportunities and the establishment of the Aira Academy.
“In Garant, we’ve found an ideal partner who shares our conviction that the future of the industry lies in sustainable energy solutions. Together, Aira and Garant share a common vision, and I am confident that we will thrive by learning from each other. To expedite the rapid growth of our business, we will establish the Aira Academy, where we will train hundreds of clean energy experts. It’s fitting to begin this endeavour in Glauchau-Zwickau, known for its engineering talent. This strategic move positions Aira to cater to both northern and southeastern regions of Germany.”
Danilo Voigtmann, Managing Director of Garant Wärmesysteme, highlighted the alignment of principles between the two companies. Garant’s longstanding commitment to consistent growth, employee appreciation, and customer-oriented values resonates perfectly with Aira’s ethos. Garant aspires to continue growing in line with the ever-evolving energy landscape. According to Voigtmann, partnering with Aira is the most fitting choice to elevate Garant to the next level, allowing the region’s skilled workforce to specialise in sustainable energy.
“At Garant, our unwavering focus on consistent growth, employee appreciation, and customer-oriented thinking has been the driving force from the outset. These principles align seamlessly with Aira’s beliefs. We were early adopters, recognising the potential of digitalisation and sustainable energy in 2004. Our aspiration has always been to grow in sync with the times, and in my opinion, there’s no better company to take Garant to the next level. We’ve thoroughly considered this decision. The region is already a hub for technical and skilled workers, who now have the opportunity to specialise in sustainable energy.”
Fredrik Ullberg, a Partner at Translink Corporate Finance Sweden, commended Garant Wärmesysteme’s role in developing Aira’s energy technology solutions for the German market.
“Garant Wärmesysteme will excel in developing Aira’s energy technology solutions for the German market, which will be exciting to follow in the future. It has been a great pleasure to serve as an advisor to Vargas Holding and Aira in their platform investment in Germany. This transaction exemplifies our reach and ability to carry out acquisitions for Swedish companies outside of Sweden.”
This partnership between Aira and Garant Wärmesysteme marks a significant stride toward sustainable and innovative energy solutions in Germany and beyond.
Contact our Team Members advising in this transaction:
Translink Corporate Finance is an independent partnership of firms dedicated to Corporate Finance and M&A advisory services through over 36 offices in the key markets in Europe, North and South America, Asia, Australia, and Africa. Translink has been successful in advising clients on thousands of transactions since its founding in 1972 and Translink offices have acted as advisers in over 100 M&A projects during the last twelve months.
Translink Sweden is the M&A advisor that gives more. Their clients are large unlisted companies across more than 30 markets. Their goal is always to give more in the form of commitment, availability and actual business value. This is exactly how they want their clients to remember them: committed, determined and secure. And that with Translink Sweden’s help, they did the best business of their lives.
Translink Corporate Finance GmbH & Co. KG with its offices in Frankfurt, Bremen, Cologne and Berlin covers Translink’s business in Germany, Austria, and Switzerland. It is composed of seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.