Dec. 11, 2012: Enertech Global Acquires GeoSystems
GREENVILLE, Ill. — Enertech Global announced that it has acquired the assets and intellectual property of GeoSystems LLC, Maple Grove, Minn., from Research Products Corp., Madison, Wis. GeoSystems is the manufacturer of ECONAR, GeoSource, and HydroHeat geothermal products. Enertech Global said these three product lines will be manufactured and sold by Enertech through GeoSystems’ current marketing channels of dealers and distributors throughout the country.
“We are thrilled about the opportunity this acquisition represents for both Enertech Global and GeoSystems,” said Steve Smith, president of Enertech. “In looking at our goals as a company, this move makes sense for us with some of the technology that they are currently utilizing as well as their existing dealer network. It’s a great way to improve our own product line and grow our company at the same time.”