Dantherm Group acquires Water
Surveillance in Denmark

Thursday, June 01, 2017

Following a period of close strategic partnership, on 1 June 2017, Dantherm officially acquired the activities in Water Surveillance.

Water Surveillance is located in Sorø, Denmark and is a privately owned company that was established in November 2013 with investment capital from CAPNOVA and Accelerace. Water Surveillance is an 'Internet of things' company that focuses on optimising its customers' operating earnings by wirelessly collecting essential data within the area of damage services, and making this data available online in real time on assorted user interfaces. By doing so, significant advantages can be reaped thanks to the faster and more efficient repair of moisture and water damage, in combination with Dantherm's mobile dehumidifiers.

"There is a rising demand in the market for remote monitoring, and we see our acquisition of Water Surveillance as a unique opportunity to offer our customers this service. By combining the technology from Water Surveillance with Dantherm's wide product programme within the area of dehumidification, heating, cooling and ventilation, we will become an even stronger partner for our current and future customers," states Torben Duer, Managing Director of the Dantherm Group A/S.

"With Dantherm as the new owner, our efforts of being able to help our customers in the damage service industry to reduce costs and increase operating efficiency will be significantly strengthened, both nationally and internationally," says Henrik Sick Hansen, Managing Director of Water Surveillance ApS.

Water Surveillance will continue to operate as an independent company in the Dantherm Group, and to work on expanding remote monitoring (IOT solutions) to other relevant industries.

About Dantherm

With its headquarters in Skive, Denmark, Dantherm is a leading supplier of products and solutions in the areas of ventilation, dehumidification, mobile heating and cooling, and electronics cooling. Dantherm has subsidiaries in Norway, Sweden, Great Britain, Germany, Switzerland, Italy, Spain, Poland, Russia and China.

About Water Surveillance

With its headquarters in Sorø, Denmark, Water Surveillance is a supplier of cloud-based systems for monitoring, collecting and delivering real-time data on moisture and temperature levels inside buildings. The company's administration and concept development are based in Denmark and supplemented by its product development operations in Latvia and China. www.watersurveillance.com

Head office

Dantherm Air Handling A/S
Marienlystvej 65
DK-7800 Skive, Denmark

Tel. +45 96 14 37 00
Fax. +45 96 14 38 20

E-mail: info@dantherm.com

CVR: 20864591