Volution has announced it has acquired the assets and business of Öko-Haustechnik inVENTer GmbH (inVENTer), a manufacturer of decentralised residential heat recovery ventilation products in Germany.
Based in Löberschütz, Thuringia, Germany, inVENTer has a significant share of the decentralised residential heat recovery ventilation market in Germany, with its products installed in both new and existing residential buildings and also sells its products across Europe.
With the purchase of inVENTer, Volution has secured the continued involvement in the company of inVENTer’s key senior management, to ensure business continuity and ongoing product innovation.
Volution’s latest investment in inVENTer marks the third acquisition for the UK-based ventilation group in the last two years and further strengthens its European position.
The company already has a foothold in Sweden through its two recent acquisitions of Swedish ventilation companies: Fresh and PAX.
Established in 1999 by engineer and CEO Peter Moser, inVENTer has focused its product development on its energy efficient decentralised heat recovery ventilation systems.
“We are very excited to be joining Volution. We believe there are significant synergies between Volution and inVENTer with innovation core to both companies. This synergy will enable us to develop and deliver distinctive energy efficient ventilation solutions across Continental Europe.” said CEO inVENTer Peter Moser.