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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.
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Volution Group Plc adquiere Fantech Australasia por $220m, amplía la presencia en el mercado y las ofertas de productos en Australasia.