Zehnder Group Acquires Greenwood Air Management

Greenwood Air Management, the UK’s most established manufacturer of domestic ventilation products, has been bought by Swiss-based, stock-listed Zehnder Group.

The acquisition of Greenwood, from building group Aliaxis, will consolidate Zehnder’s position in the UK as a major supplier of heating and ventilating products. Greenwood will benefit from Zehnder’s extensive research and development facilities, to support its ambitious new product development programme.

Commenting on the new owner, Tony Twohig, Managing Director, Greenwood, said, 'This is good news for Greenwood and Zehnder Group. The synergy created by this relationship will help to fast track our expansion plans. It will also strengthen our combined sustainability credentials, as we are both committed to designing and manufacturing stylish and energy efficient products that contribute to improving the indoor environment'.

The Zehnder Group first entered the European domestic ventilation market in 2001 and is now the market leader in Switzerland, Germany, Italy and the Benelux countries. With Greenwood’s contribution, global sales of ventilation products are expected to reach €100m in 2009.

'It’s business as usual at Greenwood, with an exciting future ahead,' concluded Twohig.

Further information can be obtained by visiting http://www.greenwood.co.uk and http://www.zehndergroup.com