Swegon to acquire American Geothermal.​

Swegon, an indoor environment products and solutions provider, to acquire American Geothermal, a manufacturer of heating and cooling systems for the concrete industry.​ Financial terms were not disclosed.​ "As green environmental initiatives and regulations continue to evolve, we see great potential to grow our heat pump and chillers business in North America and complete our BlueBox offering. This acquisition marks a milestone in our strategy to increase our presence in North America. In addition, we are excited to add a US manufacturing site with great people and extensive experience and knowledge to our team," ​Andreas Örje Wellstam, Swegon CEO.