Teqnion has acquired Avelair, a leading compressed air solutions provider, marking the fourth acquisition facilitated by KBS Corporate within 14 months, which is expected to enhance Teqnion's market position and growth potential.

Information on the Target

Avelair, based in Bury St Edmunds, specializes in compressed air solutions and has been a significant player in this sector since its establishment in 1993. Founded by the parents of the current CEO, David Wood, the company designs and manufactures energy-efficient rotary screw air compressors, offering a range of products from 2.2Kw to 160Kw. Avelair focuses on delivering comprehensive solutions that enhance compressed air efficiency, safety, and reliability, and has developed a robust business model characterized by predictable and substantial recurring revenues.

Under David Wood’s leadership, Avelair has achieved close to £3 million in revenue with strong margins over the past three years. Joining Teqnion marks a new chapter for Avelair, with David committed to continuing as the CEO and leading the company's growth alongside his new partners.

Industry Overview

The compressed air solutions industry is a critical sector in Sweden, known for its contributions to energy efficiency and sustainability in various industrial applications.