UK-based designer and manufacturer of energy-efficient indoor air quality solutions Volution Group has acquired Slovenia-based peer I-Vent which also operates in Croatia, for an initial consideration of 25.2 million euros ($27.6 million) on a debt-free cash-free basis.
Our colleagues, Senior Partner Marko Ketler and Senior Associate Ajda Kuhar from Ketler & Partners, member of Karanovic, along with the colleagues from Ilej & Partners in cooperation with Karanovic & Partners, advised Volution Group on this acquisition.
The deal is with further contingent consideration of up to 15 million euros based on stretching growth targets for the financial results for the three years up to, including 31 December 2025.
Volution Group is a leading supplier of ventilation products for commercial and residential customers, with primary markets in the UK, Continental Europe, and Australasia.
I-Vent designs, manufactures, and supplies residential ventilation systems, primarily focused on decentralised heat recovery, supplying residential customers in Slovenia and Croatia.
The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.