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Market commentary Dec 2015 · United States

BDR Thermea frames acquisition as first step in worldwide expansion strategy

BDR Thermea's CEO described the ECR acquisition as the first step of a larger strategy to increase market share and presence worldwide, with North American operations integrated into a new ECR-branded company.

“For us, this acquisition represents a first step of a bigger strategy to increase market share and presence worldwide. All BDR North American operations will be integrated into our newly established company which will continue to operate under the ECR International name and be managed by the current ECR team led by Ron Passafaro.”

Entities

BDR Thermea · Acquirer ECR International · Target
HVAC Sentiment: Positive

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