20210504 - Ernströmgruppen acquires geothermal energy company MuoviTech

MuoviTech, which has its headquarters in Brämhult, near Borås in Sweden, and subsidiaries in several European countries, is a market leader in manufacturing of collector systems for geothermal energy applications such as renewable heating solutions with ground source heat pumps. The company drives innovation and most sales come from internally developed and patented solutions. In 2020, revenues amounted to SEK 275 million, with good profitability.

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