Financial Times Stock Exchange (FTSE) 250 listed Volution Group plc (LSE:FAN) (Volution) is a leading international designer and manufacturer of energy efficient indoor air quality solutions, with brands across the United Kingdom (UK), Australasia, and Continental Europe.

Volution has entered into an agreement to acquire the Fantech Group in Australasia from the owners of UK-based Elta Group Ltd.

Fantech Group is a leading provider of both commercial and residential ventilation in Australia and commercial ventilation solutions in New Zealand. The company has 13 manufacturing, warehouse and sales locations across Australia and New Zealand, and more than 350 employees.

The acquisition will strengthen Volution’s presence and market position in the Australasian region by leveraging Fantech’s well-known and market-leading brands, extending the Group’s reach into new end-market applications with a strong focus on the commercial sector.

Volution engaged BDO’s deal advisory and tax teams, led by Greg Ellis and David Blake, to provide financial and tax due diligence and structuring on the transaction. BDO’s tax work in the UK was led by Tax Partner, Catherine Jones.