The acquisition of Monodraught expands Genuit鈥檚 presence in the ventilation, cooling and heating sector.
Monodraught will sit in Genuit鈥檚 聽Climate Management Solutions (CMS) business unit, adding 拢19m revenue in the first year.
Genuit said that Monodraught complemented its existing ventilation brands, Nuaire and Domus, with minimal product or market overlap, providing an opportunity for Genuit to bring commercial scale and market access beyond Monodraught's core.
Genuit chief executive Joe Vorih said: "I am delighted to welcome the Monodraught team to Genuit. They bring an innovative and highly complementary portfolio of ventilation products, as well as a controls and data management capability that extends our offering and enables us to integrate heating and cooling solutions from across the group. The acquisition significantly strengthens our position in the attractive UK ventilation market, which is benefiting from environmental and regulatory tailwinds. This is evident both in the strong growth of Monodraught in recent years alongside the demand for our existing portfolio of ventilation and low carbon heating and cooling products. We expect this to continue and are excited about the opportunities ahead."聽
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