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INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%INDUSTRIAL MACHINERY273.5▲ +4.87%AUTOMATION AND ROBOTICS348.5▲ +10.05%PUMPS AND VALVES401.5▲ +2.64%MATERIAL HANDLING340.7▲ +3.73%FOOD PROCESSING EQUIPMENT394.8▲ +4.07%STEEL AND METAL PRODUCTS344.9▲ +29.04%SPECIALTY CHEMICALS256.3▲ +5.14%PLASTICS AND POLYMERS327.5▲ +5.94%PACKAGING506.1▲ +8.86%INDUSTRIAL TEXTILES185.9▲ +3.45%ELECTRICAL EQUIPMENT256.3▲ +8.77%SEMICONDUCTORS AND INDUSTRIAL ELECTRONICS75.3▲ +26.02%AUTOMOTIVE COMPONENTS134.7▲ +3.13%AEROSPACE COMPONENTS291.0▲ +2.38%MEDICAL DEVICES146.2▲ +4.99%CONSTRUCTION MATERIALS262.9▲ +4.08%HVAC AND INDUSTRIAL REFRIGERATION243.3▲ +5.55%POWER GENERATION EQUIPMENT289.6▲ +3.63%WATER TREATMENT EQUIPMENT152.1▲ +2.68%MINING EQUIPMENT462.3▲ +3.56%

Swegon Group acquires American Geothermal · Endata

◂ Announcements

Feb 14, 2025ACQUISITIONMurfreesboro, Tennessee, United States

Swegon Group acquires American Geothermal

Investment AB Latour, through its wholly-owned subsidiary Swegon Group AB, acquired American Geothermal, a US manufacturer of heat pumps and chillers for the concrete industry and commercial buildings. American Geothermal has 40 employees and sales of $14 million in 2024.

Jobs

40

Status

Completed

Productsheat pumpschillersbatchwater heating and cooling equipment

CompaniesSwegon acquirer Investment AB Latour acquirer American Geothermal target

Sectors#HVAC and Industrial Refrigeration

“This acquisition marks a milestone in our strategy to increase our presence in North America.”news.cision.com

2 sources
news.cision.comLatour acquires heat pump and chiller manufacturer American Geothermal and increases the presence in the American market - Investment AB LatourFeb 14, 2025
energy-manager.caSwegon expands into industrial market with American Geothermal acquisition - Energy ManagerDoug PicklykMar 10, 2025

Summarized from public sources; check the original articles before acting on it.

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Nov 22, 2024ACQUISITIONBrücken, Germany, Germany
Swegon agrees to acquire HOWATHERM Klimatechnik
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Oct 8, 2024CONTRACTKošice, Slovakia
Swegon secures largest order for Volvo Cars' EV plant
Swegon supplier Volvo Cars customer coolingpost.com
Dec 8, 2023CONTRACTKolabacken, Kirkkonummi, and Hepokorpi, Espoo, Finland, Finland
Swegon wins order to supply 40 heat pumps to Fortum's new plants in Finland
Fortum customer Swegon supplier news.cision.com
Jan 19, 2023NEW FACILITYSnodland, Kent, United Kingdom160 jobsops 19 Jan 2023
Swegon opens new UK factory in Snodland, Kent
Swegon coolingpost.com
Dec 15, 2022ACQUISITIONWednesbury, United Kingdom150 jobs
Swegon acquires British air handling unit supplier Dalair
Swegon acquirer Dalair target mainsights.io acr-news.com
Dec 8, 2022ACQUISITIONWaalwijk, Netherlands, Netherlands386 jobs
Swegon Group (Latour) acquires HC Groep
Gilde Equity Management partner Swegon acquirer inderes.dk

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