Volution Holdings, which comprises five businesses including Manrose and Vent-Axia, has acquired the assets and business of Öko-Haustechnik inVENTer GmbH (inVENTer), a leading manufacturer of decentralised residential heat recovery ventilation products in Germany.
Based in Löberschütz, Thuringia, Germany, inVENTer has a significant share of the decentralised residential heat recovery ventilation market in Germany, with its products installed in both new and existing residential buildings and also sells its products across Europe.
With the purchase of inVENTer, Volution has secured the continued involvement in the company of inVENTer's key senior management, to ensure business continuity and ongoing product innovation.
Volution's latest investment in inVENTer marks the third acquisition for the UK-based ventilation group in the last two years and further strengthens its European position. The company already has a foothold in Sweden through its two recent acquisitions of Swedish ventilation companies: Fresh and PAX. The purchase of inVENTer complements these existing brands and further extends Volution's geographic coverage across continental Europe.
inVENTer was established in 1999 by engineer and CEO Peter Moser and has focused its product development on its energy efficient decentralised heat recovery ventilation systems. These systems were developed by their founder in a bid to design an innovative heat recovery solution. The resulting development is both simple and effective, using ceramic cubes resulting in innovative, silent and energy-efficient ventilation.
In a move to lower carbon emissions, EU building legislation is being tightened to encourage energy efficiency, which is expected to benefit the European ventilation sector as demand increases for energy efficient products. Both Volution and inVENTer are innovators in energy saving low carbon products and systems. The addition of inVENTer to the Volution brands further enhances Volution's energy efficiency credentials and, in conjunction with the recent Swedish acquisitions, creates a platform for future expansion within the highly fragmented European residential ventilation sector.
Peter Moser, inVENTer ceo, said: 'We are very excited to be joining Volution. We believe there are significant synergies between Volution and inVENTer with innovation core to both companies. This synergy will enable us to develop and deliver distinctive energy efficient ventilation solutions across Continental Europe.'
Ronnie George, ceo of Volution, said: 'We are delighted to announce the acquisition of inVENTer, 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.'
