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Article Date: 21st April 2017

Aermec take Controlling Stake in Novatherm GmbH

Novatherm GmbH - Air Conditioning - Portable Dehumidifiers - Split System

Aermec Novatherm GmbH

Giordano Riello, Chairman of the Giordano Riello International Group and Founder of Aermec, announced the purchase of a controlling stake in Novatherm GmbH based in Ratingen - Dusseldorf. "This important acquisition is a part of our Group's process of strengthening its distribution and internationalisation.

The German market has, from the start, always been one of our major areas of interest. All this also shows the vitality of Italian companies that continue to look to the markets of Europe and the world as a natural area of development." President of Aermec Alessandro Riello, said: "This operation adds another important element in support of our sales network. Novatherm GmbH adds to our directly controlled network that includes Aermec UK, Aermec France, Aermec Polska, Aermec Russia and Aermec GmbH which has already been operating in Bavaria and Baden-Württemberg for years. Novatherm has been a known and reliable partner for over 25 years, which has worked as Aermec distributor in the Centre-North/East of Germany, with an organisation also highly skilled in pre and post-sales services."

Owner of Novatherm, Götz Heymann, who will remain both a shareholder and Managing Director, also expressed satisfaction. "It is the culmination of a long history of cooperation and friendship and I am glad that Novatherm is becoming part of the Giordano Riello International Group family," he said.

AERMEC Spa, founded in 1961 by Giordano Riello, is a world leader in the manufacture of high quality air conditioning systems. Its fan coils, considered absolute top of the range in terms of their design, quality, exclusive technical solutions, silent operation and usability in any environment, account for nearly 30% of the domestic market. As well as ErP 2016 ready heat recovery air handling units and our superb fan coil units, the company has over 300 products in its catalogue, covering all the needs of modern residential, commercial and industrial air conditioning, ranging from portable dehumidifiers to split system air conditioners, from air cooled and water cooled chillers to the machines for small, medium and high power centralised systems of up to 2.5 mW, with free cooing options.

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