Breaking News: The NTS & UPC business divisions of NITREX, a manufacturer of industrial furnaces focused on nitriding solutions, will be acquired by the AICHELIN Group, a global provider of industrial heat treatment solutions. For clients, this means access to a broader range of technologies and stronger local support.
Headquartered in Canada, NITREX has around 250 employees in five countries. The business unit Heat Treating Services is not included in the scope of the acquisition.
The transaction represents the largest acquisition in AICHELIN Group’s history. For employees, the acquisition opens up new perspectives within a strategically focused industrial group. The Group notes in their press release that it “will become the largest global furnace manufacturer in its industry of heat treatment solutions,” with a reach of combined sales at more than EUR 230 million and employing over 1,350 people across 23 locations in 11 countries throughout Europe, Asia, and North America. The Group is also represented by a global network of sales partners.
CEO
AICHELIN Group.
Source: AICHLELIN Group
The acquisition brings together two highly complementary portfolios: NITREX adds renowned expertise in nitriding furnaces to AICHELIN’s broad technology offering. The geographic fit is equally noteworthy, with NITREX’s operations in the U.S., Canada, Poland, Germany, France, and China integrating seamlessly into AICHELIN’s regional structures.
The acquisition marks an important milestone in the implementation of AICHELIN’s Strategy 2030, which focuses on sustainable growth through regional proximity, diversification, and technological progress.
“This acquisition marks a new chapter for AICHELIN. By combining forces with NITREX, we are unlocking innovation potential and global synergies that will benefit our customers, employees and stakeholders alike,” says Christian Grosspointner, CEO of AICHELIN Group. “We are proud to welcome NITREX into our Group.”
AICHELIN is expanding into new markets and client segments, both through internal innovation and targeted acquisitions. With this acquisition, the Group is thus advancing its goal of becoming a lifecycle partner for heat treatment clients worldwide, supported by digital services and localized operations.
Press release is available in its original form here.
