The merger of the company ThermWet
On the 1st of March 2024, the merger of ThermWet s.r.o. into LICON HEAT s.r.o. will take place
This merger will bring about many positive changes and synergies, strengthening our position in the market.
ThermWet s.r.o. is a Czech company within the KORADO group, specializing in the production of ventilation and heat recovery units with a fifteen-year tradition. The company boasts its own R&D and production, delivering high-quality products featuring premium components. Through this merger, we will expand our existing range of heating equipment with a brand-new range of ventilation and heat recovery units. ThermWet products will be gradually integrated into our portfolio during the first half of 2024. We will promptly inform you about specific steps in this process.
LICON HEAT has sufficiently large manufacturing spaces where ThermWet will be relocated. This move will result in a range of highly synergistic effects, increasing production capacity and flexibility. Shared processes will ultimately lead to higher efficiency and cost savings.
The goal of this merger is to ensure the future development of sales of heat recovery units and capitalize on the current interest in controlled ventilation in households. Together, we aim to build a strong, customer-oriented company that delivers energy-efficient products. These products not only promote sustainability but also help you reduce operational costs.