An established Hull firm operating across the marine and energy industry has been acquired, bringing it alongside another city business in a specialist internationally-active stable.
North Sea Ventilation and Air Conditioning Ltd is joining Thermoplant Offshore Services Ltd , as part of Kent-based Wozair Energy Holdings Ltd. The asset purchase has seen 20 staff re-employed with £1.5 million of work in progress completing, with a move to improved premises on the cards from Charrington Park off the city’s West Carr Lane.
Wozair, founded in 1986 as Waterloo Air Technology, has expanded from the UK to have offices and factories across the globe, including Singapore, Houston and Dubai, while providing a turnkey solution.
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It had acquired East Hull-based Thermoplant in 2019, with directors there, Tony Williams and Kevin Atkinson, assisting in the restructure and operations of the NSV business, bought at pace in an undisclosed deal.
Main shareholders in Wozair, Simon Collins and Paul Azzopardi, who head up the South East firm, said they were “beyond excited”, having swooped pooling their "in-depth industry knowledge and over 50-years' combined experience in this very specialised HVAC field". In a joint statement, they said: "We think we all feel a great sense of optimism and enthusiasm working together to achieve this, particularly in the expanding energy and marine heating, ventilation and air conditioning markets. This will also bring with it scope and opportunity for advancement of staff within the companies."
The company is now in the process of securing new and improved premises for the relocation of the NSV business, envisaged before the year-end.
“By bringing all parts of the business in close proximity, resources can be shared and optimised whilst still retaining TOSL and NSV's individual identities, brands, histories and expertise,” they said.
NSV, formerly part of the Malaysian-focused Dynac Group, is described as a specialist supplier of HVAC and refrigeration equipment and systems. Originally formed to serve North Sea oil and gas industries operating in the world's most hostile conditions, it is now described as having a global reputation for cost efficiency, quality, reliability and customer service in all industries.
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