It’s all about underfloor heating
The rapidly growing market for floor-based heating systems is driven by the transition to new and sustainable lower-temperature heating sources. Magnum, as a fast-growing market leader, has proven to be an innovative player with the introduction of ultra-thin underfloor heating systems for the renovation market, robotic manifolds, and modern heating control panels and mobile apps. Smile Invest has a majority stake alongside the management team and founder.
“In Smile Invest, we’ve found a partner that fully understands our market dynamics and is willing to support and further invest in our business plan. This forms a solid basis for further (international) growth and development of the company. With their support, we acquired Thermoduct, which allowed us to also enter the Belgian market.”