Company expands presence in growing renewables field with purchase of Applied Energy Recovery Systems Inc.
A.O. Smith Corp. expands its presence in the growing renewables field with the acquisition of Applied Energy Recovery Systems Inc. (Norcross, Ga.), a leading manufacturer of commercial and residential heat pump water heaters. Terms of the transaction were not disclosed.
The AERS product line includes the E-Tech line of commercial and industrial water heaters, as well as commercial outdoor and indoor pool heating systems, and residential water heating and swimming pool products.
“We plan to leverage the technology, engineering expertise and know-how from AERS to expand our capabilities and product lines across the globe,”Ajita G. Rajendra, president of A.O. Smith Water Products Co., said in the announcement.