# Ariston acquires Centrotec Climate Systems for €700 million

Ariston Holding N.V. acquired Centrotec Climate Systems GmbH (CCS) from Centrotec SE for approximately €700 million in cash and shares. Centrotec will become the second largest shareholder of Ariston.

- Type: Acquisition
- Announced: 2022-09-01
- Where: Germany
- Value: $700.0M (700.0M EUR)
- Jobs: 2,500
- Status: completed
- Products: sustainable heating systems, climate solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ariston Group](https://endata.com/companies/13797.md) (acquirer)
- [Centrotec SE](https://endata.com/companies/65068.md) (partner)
- [Centrotec SE](https://endata.com/companies/65068.md) (target)
- [Centrotec Climate Systems GmbH](https://endata.com/companies/65069.md) (target)

## Sources

- [freshfields.com](https://www.freshfields.com/en/our-thinking/news/news-search/2022/09/freshfields-advises-centrotec-on-sale-of-its-climate-solutions-business-to-ariston), 2022-09-01: "The Transaction will entail a cash payment of approx. €700 million (on a cash- and debt-free basis) and the subscription by Centrotec to approximately 41.4m Ariston shares."
- [eqs-news.com](https://www.eqs-news.com/news/corporate/centrotec-climate-systems-to-join-ariston-group/cdc7034c-c8db-4b33-bc84-6b4e7e2f1430_en), 2022-09-15: "CENTROTEC Climate Systems to join Ariston Group."
- [cliffordchance.com](https://www.cliffordchance.com/news/news/2022/09/climate-tech--clifford-chance-advises-ariston-on-the-acquisition.html), 2022-09-19: "The transaction will entail the in-kind contribution to Ariston of the entire shareholding in CENTROTEC Climate Systems in consideration of the subscription by CENTROTEC of 41,416,667 Ariston’s ordinary shares and a cash-out by Ariston of EUR 703 million."
- [handelsblatt.com](https://www.handelsblatt.com/unternehmen/centrotec-climate-systems-waermepumpen-firma-wolf-wird-italienisch-milliarden-deal-in-der-klimatechnik/28684732.html), 2022-09-19: "703 Millionen Euro in bar will die mehrheitlich von der italienischen Familie Merloni kontrollierte Gruppe auf den Tisch legen"
- [installatie.nl](https://www.installatie.nl/nieuws/italianen-kopen-brink-wolf-en-ned-air/), 2022-09-20: "Met de deal is €703 miljoen gemoeid."

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