A large Spanish company can enter the valued and hard-to-enter Scandinavian market, this is very attractive to them and gave them a reason to rate us higher, said Urmas Hiie, Chairman of the Board of ETS Nord.
This week it was announced that the large Spanish company Soler & Palau bought a fifth of the Estonian ventilation solutions manufacturer ETS Nord, and in the coming years the global player plans to become the majority shareholder of ETS Nord.
Hiie said that their advantage now is that they can better access larger markets with the help of the Spanish company.
How the holdings in the company are divided, who sold theirs and how the current construction market is doing, more about this in the interview.
Interviewed by Lauri Lee.
An entrepreneur who sold a part of the ventilation company: this way we can better access large markets
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The Spanish manufacturer of ventilation products Soler & Palau bought 20% of the Estonian manufacturer of ventilation solutions ETS Nord, the global player plans to become the majority shareholder of the company in the coming years.
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