AIRVANCE Group strengthens its Position in Europe with the acquisition of VECOFLEX
The company VECOFLEX, a Luxembourg distributor of ventilation and insulation products for the construction sector, has recently signed an agreement to transfer the majority of its capital to AIRVANCE Group. This acquisition represents a new milestone in the Group’s 2020 external growth strategy.
A smooth leadership transition
Mr. Raymond GELEBIOWSKI is the founder of VECOFLEX and has involved his two sons, Mr. Johan GELEBIOWSKI and Mr. Joffrey GELEBIOWSKI, in the management of the company. They will continue to develop the business during a transitional period alongside Raymond, under the supervision of Mr. Bruno VILASECA, Regional Director of AIRVANCE Group. This change in management will ensure that the company’s vision and values are maintained, while benefiting from the expertise and resources of AIRVANCE Group.
A strategic acquisition for the Luxembourg market
With this acquisition, AIRVANCE Group continues its strategy of strengthening its presence in the European markets. This move consolidates its position in the region and opens up new business opportunities, particularly in the Luxembourg market. The synergy between the Group’s regional players, including CAIROX Belgium, will be a key asset in developing new business prospects and meeting the growing needs of customers in the ventilation and indoor air quality sectors.
A promising future
This acquisition will allow AIRVANCE Group to accelerate its expansion by exploiting the synergies between the various entities of the Group, while providing high quality solutions to improve indoor air quality in residential and commercial buildings. This partnership also paves the way for innovation and joint projects in a rapidly evolving industry.
A few words from our CEO Laurent Dolbeau on this acquisition:
