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
- What is Chromagen's primary focus?
- Chromagen specializes in providing custom water heating solutions for various sectors, including residential, commercial, and industrial applications.
- When was Chromagen founded?
- Chromagen was founded in January 1962.
- What significant corporate event occurred in October 2021?
- In October 2021, Chromagen was acquired by Italy's Ariston Group for $35 million.
- What types of products does Chromagen offer?
- Chromagen offers Forced Circulation Systems, Drain Back Systems, and Thermosiphon Systems as part of its water heating solutions.
- Which markets does Chromagen serve?
- Chromagen serves markets in Israel and globally, providing its water heating solutions to a broad customer base.