Volution (FAN.L, FAN LN)
Volution's objective is to provide healthy air in a sustainable manner. The group is principally a designer and assembler of ventilation products from components (electrics and motors) supplied by third parties, although it does injection mould the majority of the plastic components used. Volution offers a broad range of products, including extractor fans; MVHR (mechanical ventilation with heat recovery) systems; ducting products and accessories; air handling units; fan coils; and hybrid ventilation solutions. The group has operations in the UK, the Nordic region, Continental Europe and Australasia. Expansion via acquisition has been a characteristic of Volution's development since its 2014 IPO with total investment of over £130m, most of which has been outside the UK. This is likely to continue as Volution generates consistently high levels of free cash flow that will support further investment.
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