# Virala Acquisition Company and Purmo Group merge to form publicly listed company

Virala Acquisition Company (VAC) and Purmo Group signed a merger agreement to combine, with Purmo Group valued at EUR 685 million enterprise value. The combined company will list on Nasdaq Helsinki, expected by end of December 2021.

- Type: Acquisition
- Announced: 2021-09-08
- Where: Finland
- Value: $810.0M (685.0M EUR)
- Status: announced
- Products: radiators, towel warmers, underfloor heating, convectors, valves, controls, heat pumps, ventilation products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Rettig Group](https://endata.com/companies/56672.md) (partner)
- [Virala Acquisition Company Plc](https://endata.com/companies/57598.md) (acquirer)
- [Purmo Group Ltd](https://endata.com/companies/57599.md) (target)

## Sources

- [purmogroup.com](https://www.purmogroup.com/mfn_news/virala-acquisition-company-and-purmo-group-merge-to-form-a-publicly-listed-company-aiming-for-global-leadership-in-sustainable-indoor-climate-comfort-solutions/), 2021-09-08: "Purmo Group is to become publicly listed on Nasdaq Helsinki through a statutory absorption merger whereby Purmo Group will be merged into VAC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.