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Deal announced Oct 2025 · United States Verified

Swegon signs agreement to acquire American Geothermal (Tennessee)

Swegon signed an agreement to acquire American Geothermal, a Tennessee-based US manufacturer of heat pumps and chillers, as part of its strategy to grow in North America.

“SWEDEN/USA: Swegon has signed an agreement to acquire American Geothermal, a US manufacturer of heat pumps and chillers for the concrete industry and commercial HVAC sectors.”

Entities

American Geothermal · Target Swegon · Acquirer
HVAC

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