QleanAir Scandinavia AB

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QleanAir Scandinavia AB - overview

Established

1988

Location

Solna, -, Sweden

Primary Industry

Consumer Products

About

Based in Sweden, QleanAir Scandinavia AB specializes in advanced air cleaning solutions, focusing on enhancing indoor air quality for various professional settings worldwide. Founded in 1988 in Solna, Sweden, QleanAir Scandinavia AB focuses on providing innovative air quality solutions. The company underwent a significant investment in February 2012 when Priveq Investment acquired a majority stake, reflecting a strategic pivot towards expanding its offerings. QleanAir specializes in innovative air cleaning solutions designed to enhance indoor air quality across various professional environments.


Their core product offerings include freestanding air cleaners that effectively remove airborne particles, smoking cabins that protect against secondhand smoke, and customizable cleanrooms tailored for aseptic applications. These products are engineered to address a range of air quality issues, from eliminating small viruses and coarse debris to filtering out various gases and odors. QleanAir's clientele spans diverse sectors including production facilities, warehouses, offices, schools, healthcare institutions, airports, hotels, and restaurants. Their solutions are marketed and utilized in over 30 countries across four continents, contributing to improved air quality for thousands of customers worldwide.


QleanAir's revenue is generated primarily through the sale of its air cleaning products and services, which include a comprehensive service offering that encompasses needs assessment, installation, maintenance, and upgrades. In the most recent year, the company reported a revenue of USD 20. 66 mn and an EBITDA of USD 2. 63 mn.


Business transactions typically follow a B2B model, with agreements established directly with professional facilities seeking to improve their air quality. Clients may engage in long-term partnerships that include subscription-based maintenance plans to ensure the ongoing performance of the air cleaning systems. QleanAir plans to continue expanding its product line with new air cleaning innovations expected to launch in the coming years. The company aims to target new markets, particularly in Asia and North America, by 2025.


The funding received from the investment in February 2012 is anticipated to support these expansion initiatives, enabling QleanAir to enhance its production capabilities and marketing efforts.


Current Investors

Priveq Investment

Primary Industry

Consumer Products

Sub Industries

Consumer Electronics, Environmental Services

Website

www.qleanair.com

Verticals

Clean Technology

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

QleanAir Scandinavia AB - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedQleanAir Scandinavia AB-

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