Volution acquires 75% stake in ClimaRad for €42 million | 18 December 2020
18 December 2020 | 08:52am StockMarketWire.com - Indoor air quality solutions group Volution said it had acquired a 75% stake in ClimaRad, a company manufacturing decentralised ventilation systems in the Netherlands, for €42 million. The acquisition of ClimaRad complemented the 'existing Volution portfolio of mechanical ventilation with heat recovery and fan coils,' the comapny said. 'Against the backdrop of additional legislation, extending the group's decentralised product range provides additional opportunity for growth across its European and UK sales channels,' it added. Under the term...
Source: stockmarketwire.com