2018: January 1 David Briggs took over as CEO of The VELUX Group.

New CEO and focus on commercial division expansion kick-starts growth phase

Following the retirement of former CEO Jørgen Tang-Jensen, David Briggs took over as new CEO of the VELUX Group on January 1, 2018. David Briggs has been in the VELUX family for more than 25 years. Most recently, he worked as VELUX Group Senior Vice President for Sales and in this position he was also a member of the VELUX Management Group. Previously, Briggs held a number of key management positions in the VELUX Group. Briggs was also responsible for the rise of Altaterra, a VELUX sister company, which today sells its products in over 30 countries.

The VELUX Group has been the market leader in the residential market for roof windows for more than 75 years. Today, the strategy is to develop a leading position in the commercial business area through organic growth and acquisitions. The VELUX Group’s first step into the commercial (non-residential) market was in 2012, when it launched VELUX Modular Skylights (VMS).

 


Acquisitions in 2018

As a fundamental part of the new growth strategy VELUX made three acquisitions within the commercial division. The first acquisition was Wasco Products Inc., also known as Wasco Skylights, one of America’s oldest and largest skylight manufacturers. The second acquisition was JET-Group, which is a leading European supplier of daylight solutions, ventilation products and smoke and heat exhaust ventilation systems. The third acquisition was Vitral, which sells skylights and glass-roof systems in Denmark and England.

With these three acquisitions and the continuous development of VELUX Modular Skylights, the VELUX Group significantly strengthens its position in the commercial division. For this purpose, the VELUX Group established a VELUX Commercial division to benefit customers in the commercial market.

Awards and recognitions

2019: Danish Design Icon Award

2018: EPICA Award, The Indoor Generation

2018: The Drum, DADI Awards for "My Daylight App"