Nordomatic expands with strategic acquisition in Latvia

Nordomatic, the world’s largest independent provider of Building Management Systems (BMS), continues its growth journey with another strategic acquisition. This time, the company has acquired Echoo Group SIA – a solid, highly skilled and fast-growing company based in Riga, Latvia, employing 35 people.

The acquisition provides Nordomatic with direct access to the Baltic market, where demand for energy and operational efficiency in buildings is rapidly growing and represents significant potential.

Strong local partner joins a global organisation

Over the years, Echoo Group has built a solid position in the Baltic market with a highly skilled team and a strong customer base.

“We have developed a strong position in the Baltic market with a dedicated team and a valuable portfolio of clients. By joining Nordomatic, we are now able to accelerate our growth ambitions and expand both in the Baltics and across Eastern Europe. Becoming part of a global organisation gives us access to world-class expertise, while at the same time challenging us to contribute actively to a strong international team. This is an opportunity we are truly excited about,” says Glebs Kiselovs, CEO of Echoo Group, who will now report directly to Nordomatics Country Director Denmark, Ketil Juul.

A strategic match with global ambitions

For Nordomatic, the acquisition of Echoo Group is another step towards strengthening its position as the world’s leading independent provider of BMS solutions.

“At Nordomatic, we have a clear purpose-driven approach: We exist to accelerate an open and sustainable future. We are delighted to welcome Echoo Group as a strong new partner in Latvia. This acquisition not only gives us access to an exciting new market but also provides additional resources and capabilities that enhance our flexibility and competitiveness globally,” says Toke Kjær Juul, Group CEO of Nordomatic.

Toke Kjær Juul adds:

“Our purpose commits us to putting words into action. And when we say Change today – impact tomorrow, it is also very much about our own mindset within Nordomatic. We must constantly explore new opportunities and innovate – enabling us to help customers achieve solutions that create real economic value for them, while also driving a healthier environment and better future for all of us.”