A. O. Smith Corporation, a leading provider of water technology, recently announced the acquisition of Giant Factory, Inc., a Canadian firm that makes residential and commercial water heaters and had sales of about USD 104 million over the previous 12 months. Subject to usual adjustments, the purchase price is approximately USD 190 million in cash.
Manufacturer Viessmann announced its forthcoming virtual event on June 17, 2021, would feature the unveiling of its newest goods. This announcement was supposed to highlight new boilers from the well-known Vitodens series as well as brand-new digital tools for contractors and homeowners. The newest generation of Vitodens condensing boilers, which was anticipated to become available in July 2021, was slated to be showcased at the product unveiling.
Author Credits: Rushikesh, Richa Gupta