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.