The Commerce Commission has received a clearance application from Volution Group plc to acquire 100% of the business and assets of Proven Systems Limited.
The parties overlap in the supply of home ventilation systems. Home ventilation systems reduce the excess damp, moisture-filled air and improve the overall air quality inside a building.
Volution Group is a UK-based company and the ultimate owner of Volution Ventilation New Zealand Limited. In New Zealand, Volution (through a wholly owned subsidiary Simx Limited) supplies home ventilation systems under the Smart Vent brand. It principally supplies these systems through wholesalers and building supplies merchants.
Proven Systems is a privately-owned New Zealand owned company. It supplies and installs home ventilation systems under the DVS brand. Proven Systems sells its DVS systems direct to consumers.
A public version of the clearance application will be available shortly on the Commission's case register.
Background
We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.
