Completion of Fantech Acquisition

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                          [phone]

Andy O'Brien, Chief Financial Officer                              [phone]

FTI Consulting                                                                     [phone]

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

Cautionary statement regarding forward-looking statements

This document may contain forward-looking statements which are made in good faith and are based on current expectations or beliefs, as well as assumptions about future events. You can sometimes, but not always, identify these statements by the use of a date in the future or such words as "will", "anticipate", "estimate", "expect", "project", "intend", "plan", "should", "may", "assume" and other similar words. By their nature, forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. The Company undertakes no obligation to update any forward-looking statements contained in this document, whether as a result of new information, future events or otherwise.

 

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