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AI Alpine (Luxembourg) S.à r.l., parent company of INNIO Group, acquired Heaten AS, a Norwegian industrial heat pump manufacturer. The acquisition was announced on October 3, 2024.
AI Alpine, controlled by Advent International, has acquired Heaten, a provider of very-high-temperature-heat-pump solutions, from Azolla Ventures, Nysnø Climate Investments, Shell Ventures, and Valinor. The acquisition aims to accelerate rollout of Heaten's HeatBooster technology.