AN INTERNATIONAL manufacturer and supplier of air separation, filtration and louvre heating, ventilation and air conditioning (HVAC) products, has been partly acquired by Wozair Ltd.
Veotec Group’s headquarters are based in Farringdon, and Wozair has bought a majority shareholding of the Veotec group of companies.
Wozair Ltd is a privately-owned international HVAC equipment manufacturer with a turnover of £39m in 2016. It has operations in Europe, Singapore, Dubai, Korea, United States and Australia.
In a letter to clients and suppliers, Phil Pendrill and Andrew Russell, directors of Veotec, said: “The purchase is very positive and a major milestone in the growth of the Veotec businesses.
“The 10 years of product and manufacturing technology development, testing and certification is a great platform for us to continually develop the industry’s most advanced range of HVAC equipment for specialist applications.”