Giordano Riello, Chairman of the Giordano Riello International Group and Founder of Aermec, announced the purchase of a controlling stake in Novatherm GmbH based in Ratingen – Dusseldorf.
“This important acquisition is a part of our Group’s process of strengthening its distribution and internationalisation. The German market has from the start always been one of our major areas of interest. All this also shows the vitality of Italian companies that continue to look to the markets of Europe and the world as a natural area of development”.
President of Aermec Alessandro Riello, said: “This operation adds another important element in support of our sales network. Novatherm GmbH adds to our directly controlled network that includes Aermec UK, Aermec France, Aermec Polska, Aermec Russia and Aermec GmbH which has already been operating in Bavaria and Baden-Württemberg for years.
Novatherm has been a known and reliable partner for over 25 years, which has worked as Aermec distributor in the Centre-North/East of Germany, with an organisation also highly skilled in pre and post-sales services”.
Owner of Novatherm, Götz Heymann, who will remain both a shareholder and Managing Director, also expressed satisfaction.
“It is the culmination of a long history of cooperation and friendship and I am glad that Novatherm is becoming part of the «Giordano Riello International Group» family,” he said.
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