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Deal closed Mar 2025 · United States Verified

Swegon acquires American Geothermal

Swedish HVAC manufacturer Swegon acquired U.S.-based American Geothermal, a maker of heat pump and cooling systems for commercial, industrial, institutional and healthcare markets.

“Swegon, has acquired U.S.-based American Geothermal, a manufacturer of heat pump and cooling systems for the concrete, healthcare, commercial, industrial and institutional markets.”

Entities

American Geothermal · Target Swegon · Acquirer
HVAC Sentiment: Positive
Source: HPAC Engineering, Mar 2025, p.64 (OCR)

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