Know what you want? Try our 'Supplier Directory' 

Wozair Group acquires North Sea Ventilation and Air Conditioning

Wozair Energy Holdings, one of the largest global manufacturers of HVAC equipment in the energy and marine industries, has announced that it has recently completed its acquisition of North Sea Ventilation and Air Conditioning (NSV & AC).

This asset purchase, coupled with the majority acquisition of Thermoplant Offshore Services (TOSL) in 2019, means that Wozair and its partners can together provide a standout service of specialist ventilation equipment to the energy and marine industries on a worldwide basis with reduced competition in the market.

Two of the directors of TOSL, Tony Williams and Kevin Atkinson, assisted greatly in the restructure and continue to uphold the day-to-day running of the business, as well as organising staff, services and procurement activities after the acquisition.

Furthermore, the actual asset purchase was completed in record time with the help of the two main shareholders of Wozair, Simon Collins and Paul Azzopardi, their in-depth industry knowledge and over 50 years' combined experience in this very specialised HVAC field proving useful in negotiating, funding and concluding the purchase quickly so as to minimise disruption.

NSV & AC has re-employed around 20 staff and successfully turned £1.5 million of work-in-progress into complete projects for customers.

The combined shareholders of the newly formed company are beyond excited to start forging a new era of stability, growth and expansion from this point onwards, stating: 'We think we all feel a great sense of optimism and enthusiasm working together to achieve this, particularly in the expanding energy and marine HVAC markets. This will also bring with it scope and opportunity for advancement of staff within the companies.'

Wozair has hit the ground running in its goal to reach ever greater growth and is in the process of securing new and improved premises for the relocation of the NSV & AC business by the end of December 2022. By bringing all parts of the business in close proximity, resources can be shared and optimised whilst still retaining TOSL and NSV's individual identities, brands, histories and expertise.

 

7 December 2022

Comments

Already Registered?
Login
Not Yet Registered?
Register

What needs to change to accelerate the energy transition?

With a new Parliament, Jeff House, director of external affairs and policy at Baxi, discusses the drive to decarbonise homes and businesses, the role of heat pumps, and what needs to change from a policy and legislation perspective to accelerate the ...

  11-Jul-2024

Rinnai’s New High-Efficiency, Space Saving External Continuous Flow Hot Water Heaters Now Available

Rinnai is launching the Infinity E series of externally mounted continuous flow water heaters. Each unit arrives with water ingress protection (IPx5D) and provides a limitless volume of temperature controlled clean hot water, whilst electric, gas and water services are connected. The gas-fired water heaters are lightweight (18kgs) meaning that there is no need for heavy lifting gear.

  12-Jul-2024

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards 2024