A second, new standalone company has been created out of the former heat exchanger division of the GEA Group AG.
Due to a change of ownership, the company is now ready to take on the competition around the world under the name Kelvion. The other segments of the Heat Exchanger division will operate under different names and market presence, like DencoHappel (former Air Treatment) while the Power Cooling Solutions business will be renamed before the end of the year.
The interim CEO of Kelvion, Michael Andersen, said the new company name pays homage to Lord Kelvin, a pioneer of thermodynamics.
"The name Kelvion is new, but we continue as global experts in heat exchange with plate heat exchangers, finned-tube heat exchangers, shell-and-tube heat exchangers, modular cooling towers and refrigeration heat exchangers," Andersen said.
"We are connecting the best of two worlds: in Kelvion, a long tradition and the solid expertise of our employees meets the flexibility of a medium-sized company.
"As a premium brand in heat exchangers, Kelvion addresses a customer group that demands reliability. Now, as before, we bring the best of thermal engineering technology to the market.
"We continue to provide the products that customers from a varied range of industrial sectors all over the world, have learned to trust over the decades.”
Kelvion is a globally active manufacturer of industrial heat exchangers for different kind of markets. Since November 2015 the former subsidiaries of GEA Heat Exchangers have been operating as a standalone company under the name of Kelvion.
A new name but with proven expertise, unique competence and a large product portfolio. With plate heat exchangers, shell & tube heat exchangers, finned-tube heat exchangers, modular cooling towers and refrigeration heat exchangers – the company reaches customers in global
markets for power generation, oil and gas, chemistry, marine applications, climate and environment, and food and beverages.
Kelvion focuses on customer-specific products and services and serves its target groups throughout a global sales and production network.
The company employs around 4,500 staff around the world. For more details on Kelvion, please consult www.kelvion.com
In August, private equity investment firm, Triton, officially announced the formation of DencoHappel.
Triton acquired the heat exchanger division of the GEA Group including GEA Denco in late 2014.
The air treatment part of the heat exchanger business will operate separately under the new name DencoHappel.
"These two names Denco and Happel are well known and both stand for high quality and reliability," the company said in a statement.
"Denco is known as an expert in providing solutions for the control of air quality, temperature and humidity in highly sensitive areas. The name Happel goes back to the GEA founder, Otto Happel. "