“This acquisition is a strategic fit that supports our growth journey. It will give our customers access to an even stronger offering in sustainable industrial heating, says Nicklas Nilsson, President, Kanthal.

In the 12-month period ending in September 2019, Thermaltek generated revenues of 13 million USD with its 30 employees and strong sales network in North America. Thermaltek will continue to go to market under its own brand.