REG - Volution Group plc - Completion of Fantech Acquisition

VolutionAnnouncement

02/12/2024 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
(https://www.volutiongroupplc.com/~/media/Files/V/Volution/documents/investors/results-reports-and-presentations/2024/Acquisition_Announcement_200924_RNS.pdf)

Fantech Presentation - 20 September 2024
(https://www.volutiongroupplc.com/~/media/Files/V/Volution/documents/investors/results-reports-and-presentations/2024/Volution-Aquisition-Pres-2024-VF.pdf)

 

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
(http://www.volutiongroupplc.com/)

 

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this document, whether as a result of new information, future events or
otherwise.

 

 

 

 

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