An announcement from Thermon Group Holdings ( (THR) ) is now available.

Thermon Group Holdings, Inc., a leader in industrial heating solutions, has announced the acquisition of F.A.T.I. S.r.l., an Italian manufacturer known for its electrical heaters and heating systems. This strategic move not only enhances Thermon’s product range but also expands its global manufacturing capabilities and market reach, particularly in Europe and Asia. The acquisition, which was funded with cash on hand for 12.5 million euro, aligns with Thermon’s growth strategy in electrification and decarbonization, promising to drive innovation and value for customers worldwide.

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