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
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.