HVAC Breaking News

Feb. 8, 2007: Bosch Acquires FHP Manufacturing Co.

February 8, 2007
/ Print / Reprints /
/ Text Size+

STUTTGART, Germany - As a part of its strategy to strengthen the company’s Thermotechnology Division and gain better access to the growing United States market for electric geothermal heat pumps, Bosch announced it has acquired FHP Manufacturing Co., Fort Lauderdale, Fla., one of the leading U.S. manufacturers of these systems. Bosch has acquired all shares of FHP Manufacturing from a group of investors led by G.L. Ohrstrom & Co. Inc. The purchase price was not disclosed. FHP will be integrated into the Thermotechnology Division led by BBT Thermotechnik GmbH, which holds a strong position in the European market for electric heat pumps.

“Because of their energy-efficient and environmentally friendly technology, electric geothermal heat pumps have great potential worldwide,” said Dr.-Ing. Joachim Berner, president of the Thermotechnology Division.

Following the acquisition of the Swedish IVT Industrier AB in January 2005, FHP is Bosch’s second acquisition in the field of electric heat pumps. Established in 1969 and employing a workforce of roughly 220, FHP Manufacturing generated sales of about $51 million in the fiscal year 2005/2006. The company is one of the leading American manufacturers of electric water-source heat pumps for residential buildings and commercial facilities. The product range includes systems with an output of up to 220 kilowatts.

According to Bosch, there is clear growth potential for water-source heat pumps in the U.S. Electric geothermal heat pumps for residential buildings in particular are expected to see double digit growth in the next few years.

Publication date: 02/05/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.


NEWSMakers: Doug Dougherty

Doug Dougherty, president and CEO of the Geothermal Exchange Organization (GEO) joins the program to discuss the latest happenings with GEO, including the drive to get included in state and federal definitions of renewable energy, plus the future of geothermal.  Posted on July 25.

More Podcasts


NEWS 07-21-14 cover

2014 July 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con