Cambridge spinout Breathing Buildings has been acquired by Volution Group for an undisclosed amount.
Breathing Buildings, a ventilation technology spinout of Cambridge University, has been acquired by ventilation company Volution Group for an undisclosed figure, Business Weekly reported yesterday.
Established in 2006, Breathing Buildings is based on research conducted at Cambridge in collaboration with Massachusetts Institute of Technology and oil company BP. The company produces energy efficient, smart hybrid ventilation products.
Breathing Buildings had secured a total of £2.1m ($2.7m) in funding, according to deals database Crunchbase, from investors including BP Alternative Energy, MMC Ventures, Low Carbon Innovation Fund, Berti Green Accelerator and Adapt Low Carbon Group.
Shaun Fitzgerald, chief executive of Breathing Buildings, said: “Becoming part of the Volution Group will enable us to maintain our focus on growth through new product development and the provision of a more comprehensive offer to our client base.
“I am excited about the opportunity to continue working with the business in the next phase of its development. Being part of the Volution Group offers significant new opportunities.”