Veotec Group, an international manufacturer and supplier of air separation, filtration and louvre heating, ventilation and air conditioning (HVAC) products, has been partly acquired by Wozair Ltd.
In the deal, of which financial details were not disclosed, Wozair has purchased a majority shareholding of Veotec Group’s company shares.
Wozair Ltd is a privately owned international HVAC equipment manufacturer with a turnover of £39m ($50m) in 2016. Headquartered in the UK with operations in Europe, Singapore, Dubai, Korea, the US and Australia, it provides specialist solutions in a diverse range of industrial sectors.