Thermon Group Holdings acquires F.A.T.I. for €12.5M, enhancing product offerings and geographic reach.
Thermon Group Holdings, a leader in industrial heating solutions, has acquired Italian electric heater manufacturer Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. (F.A.T.I.) for €12.5 million, funded with cash. This acquisition enhances Thermon's product offerings and geographic reach, positioning the company to better meet the rising global demand for electrification and decarbonization across various industries.
October 03, 2024
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