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Ariston Holding N.V. completed the acquisition of 100% of CENTROTEC Climate Systems GmbH, a supplier of heating, ventilation, air-handling and combined heat & power solutions with about 2,500 employees and manufacturing bases in Germany, the Netherlands and Croatia.
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.