Swegon Acquires American Geothermal
February 14, 2025
Swegon has signed an agreement to acquire American Geothermal, an American manufacturer of heating and cooling systems for the concrete industry and heat pumps/chillers for healthcare, commercial, industrial, and government/institutional buildings. The deal aims to expand Swegon’s North American footprint and complete its BlueBox offering by adding US manufacturing and the ChillMaster product line.
- Buyers
- Swegon
- Targets
- American Geothermal
- Industry
- HVAC & Mechanical
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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