Add-on Acquisition • Construction

Magnum Heating Acquires Thermoduct NV

On September 2, 2020, Magnum Heating acquired construction company Thermoduct NV

Acquisition Context

This is Magnum Heating’s 1st transaction in the Construction sector.
This is Magnum Heating’s 1st transaction in Belgium.

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M&A Deal Summary
Date	September 2, 2020
Target	Thermoduct NV
Sector	Construction
Buyer(s)	Magnum Heating
Deal Type	Add-on Acquisition

Target Company

Thermoduct NV

Mortsel, Belgium

Thermoduct NV provides floor- and ceiling- heating and cooling systems. With services ranging from engineering to installation with its own specialist personnel, Thermoduct positions itself as a party offering a total solution. Thermoduct is based in Mortsel, Belgium.

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Buyer Overview 1

Buyer

Magnum Heating

Tholen, Netherlands

Category	Company
Founded	1992
Sector	Manufacturing

DESCRIPTION

Magnum Heating is a designer, manufacturer, and supplier of electric and water-based underfloor-, wall- and ceiling heating systems and adjacent products for residential, industrial and commercial applications. Magnum Heating was founded in 1992 and is based in Tholen, Netherlands.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Construction	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Belgium	1 of 1
Year: 2020	1 of 1

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