Condair Group AG has acquired Aireven Pty Ltd in Australia, and from August 1 has changed its company name to Condair Pty Ltd.
The acquisition of Aireven in Australia continues the strategic forward integration of Condair into promising geographic markets, as well as the global strengthening of its humidification and evaporative cooling business.
Condair has been represented in the Australian market for more than 40 years, and through Aireven and its owner Kevin Cronin since 2001. Cronin will continue as managing director of the new entity.
Cronin says the acquisition is a logical step forward for Condair in Australia.
“We are now strategically positioned for further growth and expansion into the Australasian market,” he says.
“Being an integrated member of the Group will strengthen our competitive position, and give us access to additional marketing, sales and service expertise from other regions and countries.”