Know what you want? Try our 'Supplier Directory' 

Wozair Group acquires North Sea Ventilation and Air Conditioning

Wozair Energy Holdings, one of the largest global manufacturers of HVAC equipment in the energy and marine industries, has announced that it has recently completed its acquisition of North Sea Ventilation and Air Conditioning (NSV & AC).

This asset purchase, coupled with the majority acquisition of Thermoplant Offshore Services (TOSL) in 2019, means that Wozair and its partners can together provide a standout service of specialist ventilation equipment to the energy and marine industries on a worldwide basis with reduced competition in the market.

Two of the directors of TOSL, Tony Williams and Kevin Atkinson, assisted greatly in the restructure and continue to uphold the day-to-day running of the business, as well as organising staff, services and procurement activities after the acquisition.

Furthermore, the actual asset purchase was completed in record time with the help of the two main shareholders of Wozair, Simon Collins and Paul Azzopardi, their in-depth industry knowledge and over 50 years' combined experience in this very specialised HVAC field proving useful in negotiating, funding and concluding the purchase quickly so as to minimise disruption.

NSV & AC has re-employed around 20 staff and successfully turned £1.5 million of work-in-progress into complete projects for customers.

The combined shareholders of the newly formed company are beyond excited to start forging a new era of stability, growth and expansion from this point onwards, stating: 'We think we all feel a great sense of optimism and enthusiasm working together to achieve this, particularly in the expanding energy and marine HVAC markets. This will also bring with it scope and opportunity for advancement of staff within the companies.'

Wozair has hit the ground running in its goal to reach ever greater growth and is in the process of securing new and improved premises for the relocation of the NSV & AC business by the end of December 2022. By bringing all parts of the business in close proximity, resources can be shared and optimised whilst still retaining TOSL and NSV's individual identities, brands, histories and expertise.

 

7 December 2022

Comments

Already Registered?
Login
Not Yet Registered?
Register

Step closer to protecting over 500,000 heat network customers

More than half a million customers could get access to compensation and fairer energy bills under new regulations to improve their consumer rights....

  02-May-2024

Adveco FUSION simplifies low-carbon water heating

Commercial hot water specialist Adveco expands its award-winning low-carbon FUSION packaged electric water heater system. Offering 80 pre-sized variants and multiple prebuilt pipework options FUSION simplifies the process of specifying and ...

  02-May-2024

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards 2024