# Ferro Group acquires majority stake in Termet and Tester

Ferro Group concluded agreements on 26 November 2020 to become the majority shareholder of Termet (70.65%) and exclusive owner of Tester, expanding into gas condensing boilers and heating management systems.

- Type: Acquisition
- Announced: 2020-11-26
- Where: Świebodzice, Poland
- Status: completed
- Products: gas condensing boilers, heating management systems, sanitary fittings
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Ferro Corp.](https://endata.com/companies/25614.md) (acquirer)
- [Termet](https://endata.com/companies/51500.md) (target)
- [Tester](https://endata.com/companies/51501.md) (target)

## Sources

- [vcpag.com](https://vcpag.com/2020/11/27/ferro-group-acquires-termet-advised-by-vcp/), 2020-11-27: "Ferro Group concluded agreements, as a result of which it will become the majority shareholder of Termet (70,65%) and the exclusive owner of Tester"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.