Acquisition of AirFan B.V.
Volution Group plc (“Volution” or “the Group”), a leading supplier of ventilation products to the residential and commercial construction markets, is pleased to announce that it has acquired AirFan B.V. (“AirFan”). AirFan is a small specialist distributor, based in the Netherlands, of primarily residential ventilation products to the Dutch heating, ventilation and air-conditioning market.
AirFan has been importing, exporting, supplying and providing technical support on fans and ventilation systems for 25 years. The comprehensive supply programme includes a full range of ventilation products from small bathroom fans to large air handling units.
The acquisition of AirFan will provide additional market access within the Dutch ventilation market and is in line with the Group’s strategy to grow by selectively acquiring value-adding businesses in existing markets and geographies across the residential ventilation market and, where appropriate, in the commercial ventilation market.
The current AirFan Managing Director, who was also the shareholder prior to acquisition, will remain with the business reporting in to the Group’s existing operations in the Netherlands.
For further information please contact:
Volution Group plc
Ronnie George, Chief Executive Officer
+44 (0) 1293 441501
Ian Dew, Chief Financial Officer
+44 (0) 1293 441536
+44 (0) 207 353 4200
James Macey White
Note to Editors:
Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.
The Volution Group operates through two divisions: the Ventilation Group and the OEM (Torin-Sifan) division. The Ventilation Group consists of 14 key brands - Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Fresh, PAX, VoltAir, Welair, inVENTer, Brüggemann, Ventilair and Simx focused primarily on the UK, the Nordic, Central European and Australasian ventilation markets. The Ventilation Group principally supplies ventilation products for residential and commercial ventilation applications. The OEM (Torin-Sifan) division supplies motors, fans and blowers to OEMs of heating and ventilation products for both residential and commercial construction applications in Europe.