Solar to acquire a 51% stake in ThermoNova for $25m.

Solar, a heating, plumbing, and ventilation technology company, agreed to acquire a 51% stake in ThermoNova, a heating equipment supplier, for $25m. “With the acquisition of ThermoNova, we not only strengthen our strategic focus area Climate & Energy but also enter a market with significant potential within the industry segment as well as our many installation customers specialising in green solutions. Solar will be in a unique position in a market with high demand for efficient heating solutions, that when combined with our solar panel knowledge can lead to significant emission reduction for our customers, making us stronger together,” Jens Andersen, Solar CEO.