The deal, brokered by UK-based MHI Europe, aims to take advantage of Groupe Atlantic’s extensive sales network and high brand recognition to accelerate sales of the Q-ton.
Established in 1968, Groupe Atlantic is one of Europe’s foremost manufacturers of heating products and includes such well-known brands as Ideal, Hamworthy, Gledhill, Ygnis, Sauter and Keston. It also sells Atlantic-branded Fujitsu air conditioning equipment.
The Group has approximately 5,500 employees in ten locations in France and a further ten overseas. The most recent annual Group sales were approximately €1.35bn.
Sales and after-sales service through YACK SAS, the existing French Q-ton distributor, will continue.
The Q-ton was developed by MHI as the world’s first heat pump water heater usable in ambient temperatures down to -25°C. It adopts a two-stage compressor combining scroll and rotary compressors.