ThermoKey Reports 2024 Results and Outlines Ambitious Plans for 2025

ThermoKey marks 2024 as a year of significant transformation, setting the stage for further growth and innovation under new ownership.

ThermoKey concluded 2024 with strong performance, capped by its acquisition by IGI Private Equity. This strategic partnership is expected to bolster the company's growth and innovation plans. ThermoKey has set ambitious goals for 2025, focusing on improving efficiency, production quality, and capacity while strengthening customer relationships.

Key Highlights of 2024

One of the year’s milestones was the annual Sales Meeting at ThermoKey’s headquarters, which brought together agents and distributors. This event celebrated the achievements of a transitional year for the company and recognized the critical role played by its global partners.

"2024 was a rewarding year for ThermoKey, thanks to our agents and distributors who believe in ThermoKey and act as ambassadors for the value of our offerings," the company stated.

The acquisition by IGI Private Equity marked a turning point. This new partnership aims to accelerate the company's growth trajectory and strengthen its position in the refrigeration and cooling industry.

Investment in Innovation

In 2024, ThermoKey invested over €3.6 million to enhance efficiency, quality, and production capacity. These investments align with the company’s commitment to innovation and sustainability.

Giuseppe Visentini, CEO of ThermoKey, emphasized: "ThermoKey is looking to the future with determination: we have invested in efficiency, quality and production capacity to face tomorrow’s challenges. With the support of IGI Private Equity and our financial partners, we are ready to grow and create sustainable and innovative solutions that improve people’s lives."

Goals for 2025

ThermoKey has outlined three strategic objectives for the coming year:

1. Consolidating its presence in the refrigeration and data center cooling markets.
2. Collaborating with leading OEMs to develop proprietary and innovative solutions.
3. Driving innovation to enhance sustainability and improve quality of life.

Looking Ahead

With optimism and a clear vision for the future, ThermoKey is poised to expand its market presence and offer customized, efficient solutions tailored to customer needs. The company views 2025 as an opportunity to pursue ambitious goals and further its mission of continuous improvement.

ThermoKey remains committed to delivering sustainable innovations that address the evolving challenges of the industry, aiming to enhance operational efficiency and provide high-quality solutions.