Harvia Plc acquires ThermaSol Steam Bath LLC for $30.4M, expanding its sauna business in North America.

Harvia Plc acquires 100% of ThermaSol Steam Bath LLC, a leading US steam shower and steam room manufacturer, for $30.4M. This acquisition complements Harvia's sauna offering and aims to make Harvia the leader in global sauna business across sauna types. The North American sauna market is estimated at $800M, and the steam solutions have a 20% market share, with a forecasted annual growth of 5% through 2028.