Ariston acquires Atag
Ariston Thermo has acquired Atag Verwarming, the Dutch boiler manufacturer represented in the UK by Atag Heating. In 2013, Atag had a turnover of €53 million and earnings of €8.4 million before interest, taxes, depreciation, and amortisation. Atag is strongly focused on innovation with a highly specialised R&D team and products characterised by advanced technology and high efficiency.
Phil Bell, managing director of Atag Heating UK, sees significant advantages for the development of the Atag brand in the UK: With the backing of such a well established and major force in the European heating market, Atag Heating will be in a strong position to develop its share of one of Europe’s largest heating markets, while accelerating the development of exciting new and innovative products for the future growth of the company.’