Thermon Group and unitemp announce partnership
February 2015
News
In order to pursue substantial new growth opportunities, particularly on larger heating projects in Africa, unitemp has entered into an agreement to become a wholly owned subsidiary of Thermon, a global leader in the industrial heating market and a channel partner of unitemp for many years.
“We are excited about this new development,” says Hans Hitzeroth, chief executive officer of unitemp. “We believe that the combined company will enable us to strengthen our product ranges, expand our services and assist us in becoming a stronger partner to our valued customers, distributors and suppliers.”
The acquisition will be completed by a newly formed entity called Thermon South Africa, which is currently in the process of formal registration in South Africa.
“Other than a change in company name, we do not foresee any material changes to our business from the way it is conducted today,” explains Hitzeroth. “We anticipate that the brand name unitemp will continue to be utilised for many of the products we sell in South Africa. Our management team and staff will remain in place following the closing of the transaction and we will continue to offer the same product ranges and services going forward.”
Through its global network, Thermon provides highly engineered thermal solutions, known as heat tracing, for process industries including energy, chemical processing and power generation. Thermon’s products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature maintenance, environmental monitoring and surface snow and ice melting. Thermon is headquartered in Texas and generated annual revenue of $277 million in its most recent fiscal year. It has offices in more than 15 countries around the globe.
The unitemp team would like to thank all clients across sub-Saharan Africa for their continued support during 2014 and says it is looking forward to becoming part of the global Thermon operations in 2015.
For more information contact Hans Hitzeroth, unitemp, +27 (0)21 762 8995, [email protected], www.unitemp.com
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