We are delighted to welcome Nikolaos and the Delta Duct team to IPCOM. This transaction represents a major milestone for our group, marking our first acquisition in Greece and our entry into a dynamic and growing market. Delta Duct's strong reputation, technical expertise and customer-focused approach make it an excellent fit within our group. We have been particularly impressed by Nikolaos' entrepreneurial drive, hands-on mentality and ability to get things done, which have been key drivers of the company's success to date. Together, we see significant opportunities to further strengthen Delta Duct's market position, expand IPCOM's presence in Greece and create value for customers. We look forward to partnering with Nikolaos and his team to accelerate the company's next phase of growth.
Founded in 2014, Delta Duct has established a strong reputation in the Greek market for delivering full-service solutions across air distribution and ventilation projects.
This transaction represents a significant milestone in IPCOM's growth journey, marking the Group's first acquisition in Greece, an attractive and growing market. The acquisition further strengthens IPCOM's presence in Southern Europe and supports the Group's ambition to become the leading European provider of energy efficiency solutions. Delta Duct has built a strong reputation for quality, technical expertise, and customer service, making it an excellent fit within our group.
Nikolaos Dermitzakis will continue to lead Delta Duct as Managing Director, supported by his experienced and dedicated team, ensuring continuity and stability in the next phase of the company's growth. In addition, Nikolaos will retain a minority shareholding in Delta Duct, reflecting his continued confidence in the business and commitment to its long-term success.
Joining IPCOM marks an exciting new chapter for Delta Duct. Since founding the company in 2014, we have built a strong reputation in the Greek HVAC market by focusing on quality, reliability and long-term customer relationships. We are proud of what we have achieved and are excited to become part of a group that shares our entrepreneurial spirit and long-term vision. IPCOM's experience, network and sector expertise will help us further strengthen our position and accelerate our growth. At the same time, I am pleased to remain a minority shareholder and continue leading the business together with our dedicated team. We look forward to working closely with Remco and the wider IPCOM team to further grow our presence in Greece and seize the many opportunities ahead.
