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Ariston completes Centrotec acquisition

NETHERLANDS: Heating equipment manufacturer Ariston has completed the acquisition of Centrotec Climate Systems GmbH from the German HVAC company Centrotec SE.

The acquired group includes the German R290 heat pump manufacturer Wolf and the Croatian Pro-Klima and Dutch Ned Air air handling businesses. It also includes Brink, a prominent European player in domestic heat recovery ventilation.

The acquisition price is €635.05m in cash, plus 41,416,667 Ariston Holding NV shares.

Centrotec Climate Systems has around 2,500 employees and commands a strong position in Germany and the Netherlands and a significant presence in other European markets. The company achieved sales of €599m in 2021 and recorded an adjusted EBITDA of €84.8m. 

Ariston revenues were around €2bn in 2021. Its heating brands include Elco and ATAG.

Latest News

23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.
22nd February 2024

Large capacity ULT chiller using neon refrigerant

SOUTH KOREA: Researchers claim to have developed a large capacity ultra-low temperature industrial chiller which, in tests, has achieved a 10kW cooling performance at -100℃.
21st February 2024

CCF publishes election manifesto

UK: In a new manifesto ahead of this year’s general election, the Cold Chain Federation (CCF) is calling for future government’s to take action to recognise the industry’s crucial contributions.
21st February 2024

Sanhua extends expansion valve applications

SPAIN: Sanhua’s SEC HD electric expansion valve controller is now compatible for a variety of applications with 29 commonly used refrigerants, including CO2, hydrocarbons and HFCs. 
20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise.