Thermia AB

Thermia AB is a Swedish company specializing in the development and manufacturing of advanced heat pump systems, which provide efficient heating, cooling, and hot water solutions for various properties. Founded in 1998 in Sweden by Emiro Pineda, Thermia AB focuses on heat pump technology. The company was acquired by Danfoss Group in June 2005. Thermia has made two investment deals since its inception, with the last one occurring on 27th June 2005.

Amanda Kling is currently the CEO. Thermia's product line includes ground source and air source heat pumps, such as the Thermia Calibra Eco and Thermia Mega. These systems harness geothermal energy to deliver energy-efficient heating, cooling, and hot water solutions for both residential and commercial sectors across Europe, particularly in Sweden, Slovakia, and Norway. Clients benefit from reduced energy costs and greater comfort due to the eco-friendly nature of their products.

In the most recent fiscal year of 2024, Thermia reported revenues of USD 126. 29 mn and an EBITDA of USD 12. 92 mn. The company's revenue is generated through direct sales within the HVAC market, focusing on both B2B and direct-to-consumer sales, alongside installation and maintenance services.

Thermia is focused on expanding its product offerings and enhancing its market reach. The company plans to introduce new heat pump systems designed for specific energy demands and environmental standards. They are also looking to penetrate additional European markets by 2025. The acquisition by Danfoss has enabled Thermia to leverage resources for these upcoming initiatives, ensuring sustained growth in the competitive HVAC sector.