Kingspan announces potential spin-off of data centre focused segment

Kingspan chief executive Gene Murtagh. 

Insulation firm Kingspan has announced it is considering a potential spin-off of its data-centre ventilation focused segment ADVNSYS through an initial public offering (IPO) with plans for the company to remain the majority shareholder should it go ahead.

Kingspan said ADVNSYS is focused on bespoke critical infrastructure primarily in data centres, ventilation, and daylighting.