Completion of Acquisition

Volution Group plc

23 June 2023

 

23 June 2023

Volution Group plc

Completion of I-Vent acquisition

Further to the announcement of 20 April 2023, Volution Group plc ("Volution" or the "Group"), a leading international designer and manufacturer of energy efficient indoor air quality solutions, is pleased to confirm that it has now completed the acquisition of I-Vent d.o.o ("I-Vent") in Slovenia and Croatia.  

Ronnie George, Volution Chief Executive Officer, commented:

"We are delighted to have completed this earnings accretive transaction, and look forward to welcoming our new colleagues in I-Vent to the Group.  The acquisition gives the Group access to fast growing new markets in Slovenia and Croatia, and I-Vent's innovative Low Carbon product solutions will further enrich our Group's expansive product portfolio, particularly in decentralised heat recovery."

The Company will publish its scheduled pre-close statement on 20 July 2023.

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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 20 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.

Australasia: Simx, Ventair, Manrose.

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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