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Add-on acquisition Closed Jun 2019 Verified

Rheem acquires Dutch boiler/water heater maker Intergas, gaining European platform

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Relationship map for Rheem acquires Dutch boiler/water heater maker Intergas, gaining European platformparent ofPaloma Rheem Holdings: PlatformPRPaloma Rheem HoldingsIntergas: Operating CompanyIntergas
Operating CompanyPlatform

Parties

Acquirer
Paloma Rheem Holdings
Platform
Target
Intergas
Operating Company

Market signals

Summary

Rheem, through its group entity Paloma Rheem Global, acquired Intergas of the Netherlands, obtaining a platform in the European heating and hot water market. Intergas joins Rheem's Global Water Division as a wholly owned subsidiary.

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