WindowMaster International A/S signs new partnership in Bulgaria to promote natural ventilation in a growing market
Investor News No. 006 - 2023
WindowMaster has established an exclusive partnership with a Bulgarian company in the construction industry dedicated to building automation in the country. According to forecasts and figures from several institutions, the decision to enter the Bulgarian market comes amid expected growth in commercial, industrial, and institutional construction driven by increased investment from the government and the private sector in the years to come.
Based near Sofia, the new partner will focus on promoting natural ventilation solutions, including hardware (actuators and controls) and WindowMasters’ expertise in the field. The partner company has the capabilities to push, plan and execute projects with our solutions.
This partnership expands an established network of partners in Europe, Oceania, and North America, and WindowMasters’ own international sales subsidiaries.
General info about Investor News:
Unless otherwise stated, all new customer agreements and orders are according to WindowMaster’s strategy and thus do not change communicated guidance.
| Business area | Orders under DKK 1,000K | Orders above DKK 1,000K |
|---|---|---|
| Project Sales (Newbuild or Refurbishment) | Is not communicated | Is communicated |
| Product Sales (OEM, Distribution or Install Partners) | Is not communicated | Is communicated |
| Service Agreement | Is communicated above DKK 500K | Is communicated |
| New Product or System Test Certification | Is communicated | Is communicated |
| New Partner/Market Established | Is communicated | Is communicated |
| New Product Launch | Is communicated | Is communicated |
WindowMaster’s Investor News defines our business areas as Project, Product or Service in accordance with our Accelerate Core Corporate Strategy.
Projects are orders with integrated offerings of full-service subcontracting, including products, project management, installation, and commissioning for either newbuild or refurbishment.
Product sales are for OEM (Skylights, Facades, and Windows), Partners for distribution, or Partners integrating our products in their installations.
Service covers annual service contracts regarding our installed systems handled by our organization or partners.
All agreements and orders with a total value above DKK 1,000K are communicated to the market.