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Aalberts N.V.: Aalberts enhances hydronic flow control position in North America
Globenewswire· 2025-07-17 05:30
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].
Aalberts N.V.: Aalberts enhances hydronic flow control position in North America
GlobeNewswire News Room· 2025-07-17 05:30
Company Overview - Aalberts N.V. has agreed to acquire 100% of Geo-Flo Corporation, which generates annual revenue of approximately USD 15 million and employs over 25 people [1] - Geo-Flo specializes in designing and manufacturing pumping systems and components for hydronic-based HVAC systems, including geothermal and water source heat pump applications [1] Strategic Intent - The acquisition aligns with Aalberts' 'thrive 2030' strategy, aimed at strengthening its presence in North America [2] - By integrating Geo-Flo's products and expertise with existing boiler room technology, the company aims to accelerate complementary product development and create new growth opportunities focused on energy and resource efficiency in buildings [2] Operational Integration - The current management of Geo-Flo will collaborate closely with Aalberts' hydronic flow control management in North America to ensure regional alignment [3] - Geo-Flo's established facility will enhance local responsiveness and operational continuity [3] Financial Impact - The results of Geo-Flo will be consolidated effective 17 July 2025, and the acquisition is expected to directly contribute to earnings per share [3] - The acquisition will be financed through existing credit facilities [3] Leadership Perspective - CEO Stéphane Simonetta expressed enthusiasm about the acquisition, highlighting the potential for unlocking future growth opportunities in the American market [4]