Volution Group plc is a manufacturer of ventilation equipment for commercial and residential customers. Based in
Crawley
Crawley () is a large town and borough in West Sussex, England. It is south of London, north of Brighton and Hove, and north-east of the county town of Chichester. Crawley covers an area of and had a population of 106,597 at the time of th ...
,
West Sussex, the company is listed on the
London Stock Exchange and is a constituent of the
FTSE 250 Index
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
.
History
The company was established as a separate entity when HSBC Private Equity acquired the Air Movement and Cable Management businesses of
Smiths Group
Smiths Group plc is a British, multinational, diversified engineering business headquartered in London, England. It operates in over 50 countries and employs 14,600 staff.
Smiths Group has its origins in a jewellery shop, ''S Smith & Sons'', ...
for £125 million in December 2002.
It was acquired by
ABN AMRO in July 2006
and by
TowerBrook Capital Partners
TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Man ...
in February 2012.
It was then the subject of an
initial public offering on the
London Stock Exchange in June 2014.
[
]
Operations
The company's brands include Vent-Axia
Vent-Axia is a British manufacturer of ventilation, heating and air conditioning equipment, located in Manor Royal, Crawley, West Sussex.
History
The company was originally incorporated on 28 January 1933, and as Vent-Axia Limited private company ...
.[
]
References
{{FTSE 250 Index constituents
ABN AMRO
Companies established in 2002
Companies listed on the London Stock Exchange
2014 initial public offerings