Hampshire: Wozair acquires Veotec Group majority shareholding
Veotec Group, the international manufacturer and supplier of air separation, filtration and louvre HVAC products, has been partly acquired by Wozair. Veotec’s headquarters are based in Farringdon, near Alton, Hampshire.
Wozair has purchased a majority shareholding of the Veotec Group of companies’ shares.
Wozair is a privately-owned international HVAC equipment manufacturer with a turnover of £39 million in 2016. Headquartered in the UK with operations in Europe, Singapore, Dubai, Korea, USA and Australia, it provides specialist solutions in a diverse range of industrial sectors including power generation, oil & gas, marine and industrial.
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.”
In an announcement to employees, Wozair owners Paul Azzopardi and Simon Collins extended their welcome of the Veotec business into the group highlighting the considerable product range, design expertise, manufacturing capability and intellectual property will compliment those currently offered by Wozair and provide customers a more complete suite of air management products in highly specialised and demanding applications.
