Volution Group, owner of Venta Axia, has acquired inVeENTer, a German manufacturer of residential heat recovery ventilation systems.
British ventilation manufacturer Volution Group, the parent of Crawley-based Vent Axia, has acquired inVENTer, a German manufacturer based in Thuringia.
Vent Axia has received recognition in the national and trade press over the last year for its decision to reshore the manufacture of its domestic fan products from China. The company was visited by Prime Minister David Cameron on the same day that he announced the launch of ReshoreUK, a MAS-UKTI initiative, at Davos early this year.
The acquisition of inVENTer will extend Volution’s market share and production capability in Europe adding to facilities in Sweden which were acquired in 2013.
The existing senior management at inVENTer will remain in place under Volution’s ownership ensuring continuity for the business and supporting ongoing product innovation – a key strength for the company which is a leader in simple but effective heat recovery systems for energy efficient, quiet building ventilation.
In addition to strengthening Volution’s European position, inVENTer will help the UK headquartered firm to keep pace with EU environmental regulation in the construction industry. A Volution statement said the inVENTer will bring significant synergies with low carbon innovations within its UK and Swedish businesses.
Ronnie George, CEO of Volution added that he was “delighted” to break the news of the acquisition. “The purchase of the company adds another brand to complement our existing ventilation portfolio. Volution has ambitions to be a major player in the European ventilation market. inVENTer thus marks the next stage of our strategic growth and complements our recent Swedish acquisitions,” he concluded.