Thomas & Betts Acquired AmbiRad in HVAC Segment

Thomas & Betts completed the acquisition of AmbiRad in its HVAC segment during the third quarter of 2011 for approximately £18 million ($30 million). The acquisition contributed $24.9 million to full-year HVAC sales.

“£18 million or approximately $30 million cash for the acquisition of AmbiRad in the HVAC segment.”

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.