# Neptronic Group invests $12M to expand manufacturing in Montreal

The Neptronic Group acquired a 40,000 sq. ft. industrial building in Montreal for $12 million to establish a second manufacturing facility for its HVAC agent JESS and expand its current headquarters with a training center.

- Type: Expansion
- Announced: 2024-07-22
- Where: Montreal, Quebec, Canada
- Value: $12.0M
- Status: announced
- Capacity: 40,000 sq. ft. building
- Products: humidification equipment, HVAC systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Neptronic](https://endata.com/companies/14710.md)

## Sources

- [neptronic.com](http://www.neptronic.com/LatestNews/20240722/jess-expansion.aspx), 2024-07-22: "The Neptronic Group is excited to announce an investment of $12 million for immediate expansion."

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