# Solar A/S acquires 51% stake in ThermoNova A/S

Solar A/S has entered into an agreement to acquire 51% of ThermoNova, a Danish manufacturer of high-capacity heat pumps, for an expected total price of DKK 174 million.

- Type: Acquisition
- Announced: 2023-03-01
- Where: Denmark
- Value: $25.0M (174.0M DKK)
- Status: announced
- Products: high-capacity heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Solar A/S](https://endata.com/companies/68881.md) (acquirer)
- [ThermoNova A/S](https://endata.com/companies/68882.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/03/01/2617989/0/en/no-4-2023-solar-a-s-acquires-thermonova-a-s.html), 2023-03-01: "With the acquisition of ThermoNova, we not only strengthen our strategic focus area Climate & Energy but also enter a market with significant potential within the industry segment as well as our many installation customers specialising in green solutions."

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