The study presents results of the characterization of Norway spruce (Picea abies Karst.) and fir (Abies alba Mill.) wood thermally modified by TERMOVUOTO® technology at temperatures in the range of 160 to 220°C in vacuum conditions. Sixteen thermo-vacuum treatment tests were carried out using a pilot laboratory unit on 30-mm-thick spruce and fir boards in various combinations of the process parameters, i.e. temperature ( T ), duration ( t), and pressure ( p ). The treated material was characterized to reveal the changes of the physical-mechanical properties including color and durability. The treated wood showed an improved performance with relation to the dimensional stability and durability. The measured mechanical properties did not show any significant decrease. Analytical models, based on the existing correlations between wood properties and process parameters, were assessed, thus allowing the control of the process.