FAN.L

Volution Group Plc
Volution Group plc - Completion of Fantech Acquisition
2nd December 2024, 07:00
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RNS Number : 2760O
Volution Group plc
02 December 2024
 

2 December 2024

 

 

Volution Group plc

 

Acquisition of Fantech Group in Australasia completed

 

Volution Group plc ("Volution" or the "Group"), a leading international designer and manufacturer of energy efficient indoor air quality solutions, is pleased to announce that it has completed the acquisition of the Fantech Group in Australasia. 

 

Ronnie George, Volution Chief Executive Officer, commented:

 

"We are delighted to complete this significant acquisition in Australasia and with it materially increase our presence in this important market.

 

We have enjoyed getting to know our new Fantech colleagues through the transaction process, and Andy O'Brien, Lee Nurse and I are excited to be spending this first week post completion with the team. 

 

We are confident that the combination of Fantech and Volution's longstanding position in the region will provide greater opportunities and new product solutions to our valued local customers."

 

For further information on the acquisition please refer to the announcement and presentation of 20 September 2024 at the following links:

 

Fantech Announcement - 20 September 2024

Fantech Presentation - 20 September 2024

 

Volution will publish its scheduled trading update on 11 December 2024 prior to the Annual General Meeting.

 

-ends-

 

 

For further information:

 

Volution Group plc

Ronnie George, Chief Executive Officer                          +44 (0) 1293 441501

Andy O'Brien, Chief Financial Officer                              +44 (0) 1293 441536

 

FTI Consulting                                                                     +44 (0) 203 727 1340

Richard Mountain

Susanne Yule

 

 

Volution Group plc Legal Entity Identifier: 213800EPT84EQCDHO768.

 

Note to Editors:

 

Volution Group plc (LSE: FAN) is a leading international designer and manufacturer of energy efficient indoor air quality solutions.  Volution Group comprises 29 key brands across three regions:

 

UK: Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings, Torin-Sifan.

Continental Europe: Fresh, PAX, VoltAir, Kair, Air Connection, Rtek, inVENTer, Ventilair, ClimaRad, ERI Corporation, VMI, I-Vent.

Australasia: Simx, Ventair, Manrose, DVS, Fantech, Ideal Air, NCS Acoustics, Air Design, Major Air, Systemaire, Burra Steel.

 

For more information, please go to: www.volutiongroupplc.com

 

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