Bosch Thermotechnology is set to acquire Italian chiller manufacturer MTA SpA, following an agreement signed last week.
Bosch said the acquisition will take it beyond heating and hot water products, pushing the company towards its goal of being a supplier of a complete range of HVAC solutions.
Established in 1982, MTA produces a range of industrial and commercial HVAC systems, with a focus on chillers and heat pumps with output ratings up to 1.7MW.
Bosch Thermotechnology president Uwe Glock did not disclose the financial details of the agreement.
“MTA’s highly efficient cooling systems allows us to expand our commercial and industrial technology portfolio, and sales expertise in the air conditioning business in Europe in particular,”he said.
“We are already very well positioned in the segment for heating boilers with high output ratings and combined heat and power units.
"Together with MTA, we will now take another important step towards becoming the first full-range supplier of heating and air-conditioning solutions.”
MTA CEO and co-founder, Mario Mantegazza, said the future organisation will be well placed to provide the best solutions for every specific need.
He said the organisation will also take advantage of the strong culture of innovation at both companies to create new products.