Ariston to acquire CENTROTEC for $1bn.

Ariston, a provider of sustainable solutions for thermal comfort, agreed to acquire CENTROTEC, a supplier of heating and climate control technology for buildings, for $1bn. “Ariston is internationally renowned as a trusted partner in delivering energy efficient and renewable solutions for heating and hot water, and represents the best partner to continue and strengthen CENTROTEC Climate Systems growth journey. The combined organization has the potential to capture many opportunities for growth amidst the technology transition that is happening in Europe, to the benefit of customers and employees. We are very keen – as CENTROTEC – to become a relevant shareholder of Ariston," Guido Alexander Krass, CENTROTEC Chairman.