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Bids, Mergers and Takeovers

Volution acquires VoltAir System

30 May 2017 07:32

Volution Group - a leading supplier of ventilation products to the residential and commercial construction markets - has completed the acquisition of VoltAir System.

Volution said the acquisition was on a debt free, cash free basis for an initial cash consideration of SKr79.7m which would be funded from the group's existing cash and banking facilities.

It said a further amount of deferred cash consideration of up to SKr28m might be payable, contingent on VoltAir's earnings for the year ended 31 December 2017.

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