Add-on acquisition Jan 2022 · Germantown, WI / Allentown, NJ Verified
Innovative Motion Technologies (Raffel Systems parent) acquires Micro-Air
Innovative Motion Technologies (IMT), parent of Raffel Systems, acquired Allentown, NJ-based Micro-Air, a designer/manufacturer of electronic controls for heat and AC applications, expanding the IMT platform into new markets and channels.
“Innovative Motion Technologies (IMT), the parent company of Raffel Systems, announced that it has acquired Allentown, NJ-based Micro-Air, a designer and manufacturer of electronic controls for heat and air conditioning applications in the RV, marine, and residential industries.”
Entities
Innovative Motion Technologies · Acquirer Micro-Air · Target Raffel Systems · Platform
HVACOther
Source: www.achrnews.com
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