UK's Volution gains after acquiring AC Industries, revenue growth

Volution

10/12/2025 08:38

** Shares of ventilation products supplier Volution FAN.L up 7.7%; top gainer across all London stocks

** Co buys Australia-based AC Industries for an initial 75 million pounds ($99.90 million), expected to be immediately earnings-accretive

** "The acquisition is very reasonable and the fact that AC Industries' EBITA (earnings before interest, taxes, and amortization) margins are more than 30% and accretive to the group, further enhances the financial viability," Jefferies analysts say

* In AGM trading update covering Aug-Nov, co posts organic revenue growth of 5% and flags good start to fiscal 2026

** As of last close, stock up 9.5% YTD, while FTMC up 6.1%

($1 = 0.7508 pounds)

(Reporting by DhanushVignesh Babu in Bengaluru)

((DhanushVignesh.Babu@thomsonreuters.com))