Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Bosch Acquires Electric Geothermal Heat Pump Maker FHP
Feb 5, 2007
 Printable format
 Email this Article
 Search

The Bosch Group (Stuttgart, Germany) acquired FHP Manufacturing Company, Fort Lauderdale, Florida, U.S.  The group said the acquisition will further its strategy to expand its Thermotechnology division and gain better access to the rapidly growing U.S. market for electric geothermal heat pumps. FHP is a leading U.S. producer of these systems in the renewable energy field.

Bosch acquired all shares of FHP from a group of investors led by G.L. Ohrstrom & Co., Inc. The purchase price was not disclosed. FHP will be integrated into the Bosch Thermotechnology division, led by BBT Thermotechnik GmbH, which also holds a strong position in the European market for electric heat pumps.

"With the acquisition of FHP, our growth trajectory in the promising renewable-energy segment is now strengthened in the attractive U.S. market," said Dr.-Ing. Joachim Berner, president of the Thermotechnology division. "Because of their energy-efficient and environmentally friendly technology, electric geothermal heat pumps have great potential worldwide."

FHP is Bosch's second acquisition in the field of electric heat pumps.  It also purchased Sweden's IVT Industrier AB in January 2005.
 

Back to Daily News

 

Daily News

...........................................................

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows