Ariston Holding N.V., a global leader in sustainable solutions for thermal comfort, announces that after a successfully bidding process in Septembre, a binding agreement has been signed with CENTROTEC SE for the acquisition of 100% of the share capital of CENTROTEC Climate Systems GmbH.
Via its renowned brands Wolf, Brink, Pro-Klima and Ned Air, CENTROTEC Climate Systems is a leading player in the supply of heating, ventilation, air-handling and combined heat & power solutions, with ca. 2,500 people employed and a well-established presence in Germany, in the Netherlands and a solid exposure to many other European markets. The manufacturing base is mainly located in Germany, the Netherlands and Croatia.
The Transaction will enrich Ariston’s offer of sustainable heating systems and represents a major step towards the Group’s ESG objectives. Wolf is a pioneer in the development of the new generation of heat pumps in Germany (which it launched as early as 2019) – with natural refrigerant (R290), high efficiency and low noise performances – and enjoys a robust and growing position in Germany, as well as solid presence in other European markets. Brink is a leading European player in heatrecovering domestic ventilation, the enabling technology for a healthy living environment and especially for nearly Zero-Emission Building (nZEB), a pillar of the European strategy towards energy efficiency and decarbonisation. Wolf (along with brands Pro-Klima and Ned Air) also operates a successful air-handling-unit business, offering high-efficiency airflow control systems supplying fresh conditioned air for spaces in commercial buildings.
Wolf, Brink, Pro-Klima and Ned Air will continue to pursue their innovative product and technology development roadmap, benefitting from Ariston’s scale, technology, market access and global footprint, as well as commercial synergies. Along with Ariston’s brands Elco and ATAG, Wolf will reinforce the mid- to high-end heating offer of the Company, leveraging on the unique identity of each brand, the product portfolio complementarity, the new generation heat-pumps, the know-how on application solutions and the after-sales service excellence. Brink will provide Ariston with the technology, product portfolio and manufacturing base needed to capture the potential of residential ventilation. The air-handling units will complement Ariston’s offer of climate solutions to commercial clients.
The deal further strengthens Ariston’s position in Europe, in particular in Germany and the Netherlands. Germany, Europe’s largest economy and expected to be one of the fastest-growing markets for heat pumps in the years to come, becomes the first country for Ariston.
