Genuit, previously known as Polypipe Group, is enhancing its portfolio through strategic acquisitions.
- The company has invested £5.2m to acquire three innovative businesses.
- Sky Garden Limited, a green roof specialist, joins Genuit’s Water Management Solutions.
- Omnie and Timoleon, underfloor heating suppliers, enhance Genuit’s Climate Management Solutions.
- These acquisitions align with sustainable growth and address climate change challenges.
Genuit, formerly recognised as Polypipe Group, is making significant strides in expanding its business reach through calculated acquisitions. The company has invested a total of £5.2 million, acquiring three companies that will add substantial value to its existing offerings.
The first acquisition is Sky Garden Limited, a firm specialised in providing green and bio-solar roofs, podium decks, and green walls. With a financial transaction of £2.5 million, Sky Garden will integrate into Genuit’s Water Management Solutions (WMS) unit, amplifying its route to market for the Permavoid business. This move solidifies Genuit’s commitment to incorporating eco-friendly solutions into its product range.
In addition to Sky Garden, Genuit has also acquired two underfloor heating specialists, Omnie and Timoleon, for £2.7 million. Both companies will bolster Genuit’s Climate Management Solutions (CMS) unit. Operating and manufacturing across Exeter and Poland, Omnie caters directly to consumers and merchants, while Timoleon focuses on OEM customers. These acquisitions promise to enhance the existing underfloor heating offerings of Genuit, expanding its reach among diverse customer bases.
Genuit’s chief executive, Joe Vorih, has expressed enthusiasm regarding these acquisitions. He stated,
We are excited by these acquisitions, which present a compelling opportunity for Genuit and align with our sustainable solutions for growth strategy. They complement our existing portfolio, expand our product offering, and will enable us to drive further growth in attractive end markets.
Joe Vorih’s statement underlines the strategic intent behind these acquisitions, underscoring their alignment with the company’s focus on sustainability and market expansion. The integration of these businesses is anticipated to effectively address the increasing demands and challenges posed by climate change and urbanisation.
Genuit’s acquisitions signify a robust strategy to advance its market presence while championing sustainable solutions.
