May 7, 2014: WaterFurnace to Acquire Chillit Chillers
Acquisition Expected to Provide Synergies to Both Companies
FORT WAYNE, Ind. — WaterFurnace Renewable Energy Inc. announced that it has entered into an agreement to acquire the assets and technology of Chillit Chillers, Goshen, Indiana, a manufacturer of specialty chillers and geothermal heat pumps for large commercial and industrial applications.
WaterFurnace said that Chillit Chillers has seen increasing sales since its establishment in 2009 and brings with it an expertise in the development of controls, building automation, and remote monitoring software that work together to optimize equipment performance. WaterFurnace expects the acquisition to provide synergies to both companies.