19 Jan 2021
Klafs acquired by European investment firm, Egeria
BY Megan Whitby
Leading wellness supplier Klafs has been acquired by independent pan-European investment company Egeria.
With Egeria as the majority shareholder, Klafs’ previous managing directors, Stefan Schöllhammer and Phillip Rock, will still helm the business as CEO and COO respectively.
Klafs is claimed to be the world’s largest manufacturer and integrator of high-quality integrated sauna systems, steam baths and complementary products and services, for both private and commercial customers.
Egeria’s investment provides the company with the financial backing and operational support to accelerate growth through further international expansion and acquisitions.
Schöllhammer commented: “We’re very excited to take Egeria on board and see it as an ideal partner for Klafs.
“Over the past 30 years we’ve continuously developed Klafs into the world market leader for integrated saunas, and now, we’re ready to accelerate international growth.”
Rock agreed, saying he’s looking forward to Egeria's support for growth in the coming years and welcomes its entrepreneurial thinking, innovation and experience in the home-related sector.
Headquartered in Schwäbisch Hall, Germany, Klafs has achieved significant growth in previous years, expanding to encapsulate 733 employees, with 25 showrooms and four production sites in Europe.
It is also a clear market leader in the DACH region.
Hannes Rumer, partner and managing director at Egeria in Munich, said: “Historically, Klafs has displayed an impressive track record of growth.
“Through continuous entrepreneurship and product development, it’s built a leading market position and is a strong platform for further growth. We look forward to partnering with management and supporting the company during this next growth phase.”
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