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
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.