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Analytikerkommentar

WindowMaster: Strategic partnership supports project flow and earnings scalability

Af Michael FriisHead of Equities
WindowMaster International

WindowMaster today has announced a strategic partnership with Fieger Lamellenfenster GmbH with the objective of expanding both companies’ global business activities. Under the agreement, WindowMaster will supply motors for Fieger’s louvre window solutions, while securing exclusive dealership rights for Fieger’s products in the Nordics, the Baltics, the United Kingdom, and North America. In addition, WindowMaster has obtained non-exclusive sales rights in Germany, Switzerland, and France, where both companies will continue to operate in parallel.

The partnership brings together two companies operating in the same business segments and project types, including natural and hybrid ventilation as well as smoke and heat ventilation, with primary exposure to complex project-based buildings such as offices, educational facilities, hospitals, and public buildings. As a result, there is a strong overlap in customer groups, decision-makers, and project flow, supporting efficient commercial execution.

For WindowMaster, the agreement expands the solution offering with integrated louvre systems and strengthens the company’s role as a system supplier early in the project phase. At the same time, the collaboration has the potential to increase project volumes in a business where the project organisation is characterised by a relatively high fixed cost base.

Overall, we assess the agreement as strategically positive, with potential to increase project flow and support earnings through high operational gearing. 

Read the full announcement here: 

https://www.inderes.dk/releases/fieger-lamellenfenster-gmbh-and-windowmaster-international-as-enter-strategic-partnership

Disclaimer: HC Andersen Capital receives payment from WindowMaster for a Digital IR subscription agreement. /Michael Friis 15:40, 15/01-2026.

 

 

WindowMaster er en dansk cleantech virksomhed, der leverer indeklimaløsninger baseret på intelligent naturlig og blandet ventilation samt varme- og røgventilationsløsninger. Løsningerne er til kommerciel brug, primært i følgende seks segmenter: 1) Kontor 2) Uddannelsesinstitutioner 3) Kulturbygninger 4) Shoppingcentre 5) Hospitaler 6) Idrætsfaciliteter I 2015 blev WindowMaster opkøbt af den nuværende majoritetsaktionær og administrerende direktør, Erik Boyter, i et management buy-in. I dag er virksomheden en global virksomhed med salgsdatterselskaber i Danmark, Tyskland, Irland, Norge, Storbritannien, USA og Schweiz. Virksomheden har været noteret på Nasdaq First North i Danmark siden oktober 2020.

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