17.11.2016

AAF Europe – Acquisition of Dinair Group

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We acted as Finnish counsel for AAF Europe in its acquisition of Dinair Group AB and its related subsidiaries in Finland and other jurisdictions.

The acquisition of Dinair Group enables AAF International and Dinair jointly to develop the Nordic market by delivering innovative high performance filtration products.

Dinair is one of the Nordic region’s largest manufacturers and suppliers of air filters. The company employs over 350 employees and operates its own manufacturing and product development. Dinair is based in Vadstena, Sweden, with sales offices and warehouses located in Stockholm, Gothenburg, Malmö, Oslo, Helsinki and Riga.

AAF International, based in Louisville, Kentucky, is the global market leader in air filtration and is owned by the Japanese company Daikin, a world leader in heating pumps and air conditioning. AAF International has more than 5,400 employees, 22 manufacturing facilities, and six R&D centers worldwide.