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Deal announced Feb 2025 · Murfreesboro, Tennessee, USA Verified

Swegon to acquire American Geothermal

Indoor environmental solutions provider Swegon (owned by Investment AB Latour) signed an agreement to acquire Murfreesboro, TN-based American Geothermal, a manufacturer of heat pump and cooling systems, expanding into the industrial market.

“Indoor environmental solutions provider Swegon has signed an agreement to acquire American Geothermal, a manufacturer of heat pump and cooling systems for the concrete, healthcare, commercial, industrial and institutional markets.”

Entities

American Geothermal · Target Investment AB Latour · Parent Swegon · Acquirer
HVAC

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