KLAFS Group acquired by investment company Egeria

The independent Dutch investment company Egeria has acquired leading heat experience manufacturer KLAFS Group.

Reporting a turnover of €105m in 2019, of which 61% was generated in Germany and 39% in the rest of the world, KLAFS serves both residential and commercial markets, including spa and wellness centres, premium hotels, resorts and cruise ships.

Launched in 1952 as a small, family-run company, KLAFS Group today employs more than 750 people and its distribution network covers 46 countries around the world.

With Egeria now a majority shareholder in the company, KLAFS founder Stefan Schöllhammer will act as the group’s managing director.

The brand will now focus on further geographic expansion as well as innovation leadership in the sauna, pool and spa sectors.