Genuit buys ventilation firm Monodraught for £56m

Grant Prior 2 months ago
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Polypipe owner Genuit Group has acquired heating and ventilating products specialist Monodraught in a deal worth £55.6m.

Monodraught is a leading provider of sustainable commercial ventilation solutions focussed on the UK education sector.

Latest accounts for the year to December 31 2024 show a turnover of £17.3m generating a pre-tax profit of £2.7m.

Monodraught will now become part of Genuit’s Climate Management Solutions (‘CMS’) Business Unit alongside existing ventilation brands, Nuaire and Domus.

Monodraught’s range of low-carbon heating and cooling technologies is aligned with Genuit’s focus on climate change adaptation and mitigation.

Joe Vorih, Genuit Chief Executive Officer, said: “I am delighted to welcome the Monodraught team to Genuit. They bring an innovative and highly complementary portfolio of ventilation products, as well as a controls and data management capability that extends our offering and enables us to integrate heating and cooling solutions from across the Group.

“The acquisition significantly strengthens our position in the attractive UK ventilation market, which is benefiting from environmental and regulatory tailwinds.

“This is evident both in the strong growth of Monodraught in recent years alongside the demand for our existing portfolio of ventilation and low carbon heating and cooling products. We expect this to continue and are excited about the opportunities ahead.”

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