Industrial Solar’s range of products and services will complement the existing range of solar thermal systems and classic heating and climate control technology from the CENTROTEC subsidiary Wolf.

CENTROTEC will achieve a unique position in the renewable heat sector, by combining the existing technologies and subsidiaries.

With this acquisition, CENTROTEC will have access to technology, know-how and an international research network in the worldwide growth market for solar process heat and solar cooling.

The acquisition will also complement the renewable product portfolio with a highly efficient system component.

The value of the transaction has not been disclosed.