Borenius advised Harvia on the acquisition of ThermaSol

We advised Harvia on the acquisition of ThermaSol, a leading US manufacturer of high-end steam showers and steam rooms. The acquisition complements Harvia Group’s sauna offering in the attractive steam segment, supporting the company’s growth in the United States and its leading position as a global sauna solutions provider.

Established in 1958 and headquartered in Round Rock, Texas, ThermaSol is a family-owned leading manufacturer of steam solutions in the United States and one of the largest players in the US residential steam solutions market. The acquisition supports Harvia’s strategic focus areas of delivering the full sauna experience, winning in strategically important markets, and taking an active consolidator role in the industry through M&A.