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Turning to the acquisition of Fantech , Ronnie continues : “ We were in talks with the owner of Fantech for several years before we completed the acquisition in December 2024 . Fantech is a great business with an excellent , high-quality management team in place . With an annual revenue of around 160 million Australian dollars , this was our largest acquisition to date and will bring us an additional 350 colleagues .
We ’ ve also invested around 1.5 million in our West Midlands facility over the last 18 months
Success factors
“ Fantech has extensive national coverage for both residential and commercial ventilation
products across Australia and New Zealand , which will enable us to provide our customers with local inventory and support . We ’ re in the process of integrating Fantech with the wider group as part of our well-established 200-day integration program that we ’ ve developed through experience of other acquisitions .
“ The 200-day plan involves all key stakeholders and maps out each stage of the integration , as well as any challenges and what we hope to achieve . We ’ ve completed the rudimentary tasks and we ’ re currently reviewing the synergies and opportunities across the group . However , as Fantech already has strong local management , the process will be complete within the 200-day period , and we view our role in the acquisition as being a supportive owner that helps Fantech continue to flourish .”
DESIGN AND MANUFACTURE SMALL TO LARGE COILS SUPPORTING VOLUTION IN THEIR SUCCESS NOW AND FOR THE FUTURE
MADE IN BRITAIN
Unit 1 North Road , Penallta Industrial Estate , Hengoed , CF82 7SS 01443 812222 stuart @ lordan-uk . com
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