Transaction

Clearwater advises Unilite on its sale to Addtech

Transaction

Unilite on its sale to Addtech

Sell-side

Undisclosed

Role

Adviser to Unilite on its sale to Addtech

Sector

Industrial & Chemicals

Region

Denmark

We have advised Unilite, a manufacturer of skylights, fire safety, and ventilation solutions, on its sale to the technical solutions group Addtech.

Unilite is a Danish family-owned business with 85 employees, operating from its own factory near Hobro, Jutland. Unilite is a leading manufacturer and knowledge partner in skylights, fire safety, and indoor climate solutions for industrial, commercial, and public buildings across Denmark and Norway. In recent years, Unilite has experienced impressive growth, capitalising on increased safety regulations and customer demands by offering innovative products and solutions. 

Addtech is a Swedish listed business group comprising approximately 140 independent and decentralised companies that provide highly technical solutions, primarily serving clients in the manufacturing and infrastructure sectors. 

Under its new ownership, Unilite will benefit from Addtech’s resources and in-depth expertise, while continuing to operate as an independent company within Denmark, under the Addtech Energy division. Unilite will maintain its current management, employees, unique culture, and close relationships with customers and suppliers. 

Unilite building

We were only interested in selling to a buyer that makes it possible to run our business in a decentralised manner going forward, most importantly, enabling us to continue taking care of our valued employees. We found that with Addtech, and the match was further confirmed after a successful transition and praise from other businesses owned by Addtech. On top of that, Addtech brings strong organisational forces to Unilite and opens up opportunities to expand further geographically. Selling your business can be both overwhelming and hectic, especially when you have never done it before, but the Clearwater team are experts in this field. They guided us safely through all the stages of the sales process, asking the right questions and deeply understanding the core of our business, which allowed us to focus on running it at the same time.

Tina Juul Christensen & Torben Christensen, owners and Head of Administration/CEO, Unilite

Unilite has leveraged its highly technical, innovative one-stop-shop solutions to capitalise on the evolving safety regulations and demands in a high-growth niche market. We experience strong interest in this type of technical solution companies with this transaction being our eighth since 2021 in the building materials industry. We are confident that Unilite's entrepreneurial spirit will continue to thrive under Addtech’s ownership.

Mads Crawford Højdahl, Associate Partner, Clearwater

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