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Majority stake · Closed Jun 2019

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 ofRheem: PlatformRheemIntergas: Operating CompanyIntergas
Operating CompanyPlatform

Parties

Acquirer
Rheem
Platform
Target
Intergas
Operating Company

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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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