Crawley-based ventilation systems company Volution Holdings has purchased Pax, a Swedish fan manufacturer.
Volution brought 100% of Pax’s shares in order to take complete control of the company which has a significant market share across Sweden, Norway and Finland. Pax specialises in residential fans and also makes radiators. UK-based Volution, made its first investment in the Scandinavian market, which it believes holds growth opportunity, in October last year when…
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