Air purification specialist Rensair has acquired air filtration arm of UK and Denmark-based AirLabs for an undisclosed sum and announced the raising of funds for more expansion.
The company stated that its acquisition of the AirLabs division will bring additional filtration and IoT technologies to its business, along with established products. Rensair has additionally confirmed it has raised $7m, following a Series A financing round led by Hoxton Ventures. It plans to use the funding to continue its expansion around the world that will include the introduction of a an increasingly broad product portfolio with IoT connectivity. The company already includes blue chip companies in its list of clients, ranging from CBRE, Disney, Morgan Stanley and PepsiCo to SNCF and the National Health Service (NHS). Rensair co-founder and chief executive officer Christian Hendriksen said: "The proliferation of environmental pollutants, a rise in drug-resistant bacteria and the newly identified threat of airborne microplastics are all reasons to improve indoor air quality (IAQ). "Following the latest guidelines from the WHO and governments around the world, commercial buildings are under-ventilated," he continued. "The same applies in healthcare facilities. New innovative solutions are required to bridge this gape and, with the fundraise and Airlabs asset acquisition completed, Rensair is uniquely positioned to solve this problem," said Mr Hendriksen.