Zenova Group, a UK-based fire safety and heat management specialist known for its aerosol-based safety products, has announced a potential reverse takeover acquisition of Restoreo International Limited. Following the announcement, Zenova’s shares have been suspended from trading on AIM.
The non-binding heads of terms outline a plan to combine Zenova’s fire safety and aerosol product range with Restoreo’s international distribution expertise and product portfolio.
The enlarged group aims to create a global platform for manufacturing, innovation, and sales across fire safety, insulation and energy efficiency solutions.
Zenova stated: “This Potential Transaction represents a fundamental change in the scale and nature of our business. By integrating Restoreo’s technology, IP, logistics and working capital with Zenova’s aerosol and fire safety solutions, we aim to accelerate international growth and deliver a more comprehensive product offering to the market.”
The reverse takeover, if completed, would require shareholder approval and regulatory clearance from the British Board of Agrément (BBA) for combined products addressing heat loss and energy efficiency in buildings.
Zenova highlighted that combining its wall and aerosol fire safety solutions with Restoreo’s window technologies could enhance energy conservation and simplify integration with Elmhurst’s EPC rating software.
The company stressed that the transaction remains non-binding, subject to due diligence and funding.
Shares will remain suspended until either a full Admission Document is published or Zenova confirms the deal will not proceed.
Zenova Group targets reverse takeover with Restoreo
