Aalberts N.V.: Aalberts enhances hydronic flow control position in North America

Core Viewpoint - Aalberts N.V. has agreed to acquire 100% of Geo-Flo Corporation, enhancing its presence in the North American market and creating new growth opportunities in energy and resource efficiency for buildings [1][2]. Group 1: Acquisition Details - Geo-Flo Corporation, based in Indiana, generates annual revenue of approximately USD 15 million and employs over 25 people [1]. - Geo-Flo specializes in designing and manufacturing pumping systems for hydronic-based HVAC systems, including geothermal and water source heat pump applications, and is recognized as a market leader in its segment [1]. - The acquisition will be consolidated effective 17 July 2025 and will be financed through existing credit facilities [3]. Group 2: Strategic Implications - The acquisition aligns with Aalberts' 'thrive 2030' strategy, aiming to strengthen its footprint in North America [2]. - By integrating Geo-Flo's products and expertise with its existing boiler room technology, Aalberts aims to accelerate complementary product development [2]. - The current management of Geo-Flo will collaborate closely with Aalberts' hydronic flow control management in North America to ensure regional alignment and operational continuity [3]. Group 3: Leadership Perspective - CEO Stéphane Simonetta expressed enthusiasm about the acquisition, highlighting the potential for unlocking future growth opportunities in the American market [4].