Genuit Group completed the acquisition of Davidson Holdings for £49m.

Genuit Group, a provider of sustainable water, climate and ventilation solutions for the built environment, completed the acquisition of Davidson Holdings, a manufacturer of HVAC, bathroom, heating, and plumbing products through a portfolio of UK-based brands, for £49m. "We are delighted to welcome our new colleagues to Genuit. Davidson is an excellent fit with the existing businesses within SBS, adding to our portfolio of strong brands alongside Polypipe, Manthorpe and Terrain. We see opportunities to grow Davidson's products by utilising our existing strong market positions, as well as combining certain product ranges to provide higher value-added solutions to customers. Additionally, by deploying the lean techniques of GBS, and our procurement scale, we expect to deliver efficiency improvements in the near future. This transaction follows our recent acquisition of Monodraught and demonstrates the strength of our M&A pipeline," Joe Vorih, Genuit Group CEO.