Volution Group Plc acquires Fantech Australasia for $220m, expands market presence and product offerings in Australasia.

Volution Group Plc, a UK manufacturer of ventilation products, has agreed to acquire Fantech Australasia for A$220 million, with an additional A$60 million due a year later. This acquisition aims to enhance Volution's market presence and product offerings in Australasia, which will account for over 30% of its revenue. The deal is expected to be immediately earnings accretive, funded by cash reserves and a new credit facility.

September 20, 2024
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