Icona News Ariston Thermo Group ARISTON GROUP COMPLETES THE ACQUISITION OF CENTROTEC CLIMATE SYSTEMS

Ariston Group announces the closing of the previously announced acquisition of 100% of share capital of CENTROTEC Climate Systems GmbH from CENTROTEC SE, following the fulfillment of all condition precedents. The acquired Group operates through four renowned brands: Wolf is a pioneer in development of new-generation heat pumps with natural refrigerants (R290) characterized by high efficiency and low noise levels; together with brands Pro-Klima and Ned Air, it also successfully operates in air-handling, offering high-efficiency systems for flow control and air conditioning in commercial applications; lastly, Brink is a prominent European player in domestic heat-recovery ventilation – a requirement for nearly-Zero-Emission Buildings. CENTROTEC Climate Systems employs ca. 2,500 people, enjoys a solid market positioning in Germany and the Netherlands, and a significant presence in other European markets. Manufacturing is located in Germany, the Netherlands, and Croatia. In 2021, it registered revenue of €599M and €84.8M EBITDA adjusted. The acquisition will be consolidated starting from January 2023, in the Thermal Comfort division. The price of the acquisition paid at closing is €635.05M in cash (following a preliminary cash, debt and working capital adjustment as of 31 December 2022), plus 41,416,667 Ariston Holding N.V. shares.
ARISTON GROUP STRENGTHENS ITS INTERNATIONAL INDUSTRIAL FOOTPRINT WITH A NEW PRODUCTION SITE IN EGYPT 02/22/2024

ARISTON GROUP STRENGTHENS ITS INTERNATIONAL INDUSTRIAL FOOTPRINT WITH A NEW PRODUCTION SITE IN EGYPT

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