Company Overview
Snapshot
Founded in January 1962, Chromagen operates with 51–200 employees. The company was acquired by Ariston Group in October 2021.
Business overview
Chromagen specializes in providing comprehensive water heating solutions for a diverse range of verticals, including multi-story apartment buildings, hotels, hospitals, industrial plants, motor camps, sporting clubs, and spas. The company's core offering includes specialized engineering services that cover project data analysis, preliminary design drafts with ROI calculations, detailed engineering plans, installation, supervision, and after-sale technical support. Chromagen operates within the Energy Tech sector, focusing on green construction and eco-efficient energy usage, and serves both B2B and B2C markets globally.
Strategic signal
In October 2021, Chromagen was acquired by Italy's Ariston Group for $35 million. This acquisition signals a strategic consolidation within the energy tech and water heating solutions market, indicating Ariston Group's intent to expand its footprint and leverage Chromagen's expertise in custom hot water solutions. For investors, this highlights the value placed on established players in the sustainable energy infrastructure sector and potential for further market integration.
Log in to access full profile ›Company Intelligence Q&A
- When was Chromagen acquired and by whom?
- Chromagen was acquired by Ariston Group in October 2021.
- What was the acquisition amount for Chromagen?
- Chromagen was acquired by Ariston Group for $35 million in October 2021.
- What type of solutions does Chromagen provide?
- Chromagen provides custom water heating solutions for various verticals, including residential, commercial, and industrial applications.
- Which markets does Chromagen serve?
- Chromagen serves markets in Israel and globally, catering to both B2B and B2C customers.
- What are Chromagen's primary product offerings?
- Chromagen's product offerings include Forced Circulation Systems, Drain Back Systems, and Thermosiphon Systems for water heating.