External Growth in Airvance UKSK SALES and AIRVANCE GROUP are proud to announce the acquisition of MECHANICAL AIR SUPPLIES Ltd, a British ventilation product distributor and circular duct manufacturer, located near London. Kevin MILLER (Managing Director), Mark DOHERTY (Purchasing & IT) and George FERRAR (Finance & Branch Manager) will continue to be responsible for the company's development in their current positions, overseen by Lee MORGAN, Managing Director of UK AIRVANCE Group. This is a continuation of AIRVANCE Group's external growth strategy going back to 2020, and strengthens its position in the UK zone within the ventilation and air handling sector. This acquisition will enable AIRVANCE Group to create major synergies with its subsidiary SK Sales, already established in the UK, increase the Group's production capacities and develop new business opportunities to increase its market share. Laurent DOLBEAU, CEO of AIRVANCE Group "The acquisition of MECHANICAL AIR SUPPLIES Ltd is part of AIRVANCE Group's external growth strategy, with the aim of strengthening the Group's position on the British market. It is an opportunity for the Group to extend its range of products and services locally, thanks to the strategic locations around London, and consolidate our circular ducts production capacity. I would like to bid the MECHANICAL AIR SUPPLIES Ltd teams a warm welcome. I am sure that we will join forces to make AIRVANCE UK one of the leaders in its market." Lee MORGAN – Managing Director of UK AIRVANCE Group "This is a fantastic deal for AIRVANCE Group and demonstrates our ambition to aggressively grow in the UK market and compete to become a market leader in the HVAC industry. MECHANICAL AIR SUPPLIES Ltd brings the ability to manufacture spiral ductwork to allow us to service our group's customer base more competitively and more widely, with the addition of 3 more branches. I'm excited to see what MECHANICAL AIR SUPPLIES Ltd brings and how our combined extensive knowledge of the market will enable UK AIRVANCE Group to become a prominent force." |