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Majority stake Announced Feb 2025

Swegon to acquire American Geothermal

Relationship map

Relationship map for Swegon to acquire American Geothermalparent ofSwegon: Operating CompanySwegonAmerican Geothermal: Operating CompanyAmerican Geothermal
Operating Company

Parties

Acquirer
Swegon
Operating Company
Target
American Geothermal
Operating Company

Summary

Indoor environmental solutions provider Swegon (owned by Investment AB Latour) signed an agreement to acquire Murfreesboro, TN-based American Geothermal, a manufacturer of heat pump and cooling systems, expanding into the industrial market.

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