Bosch Acquires FHP Heat Pumps

Bosch expects the U.S. heat pump market to grow substantially in the coming years.

Jan 31st, 2007
Amy Radishofski, Staff Reporter, Manufacturing.net

Bosch said Wednesday that it has acquired Florida-based FHP Manufacturing Co., a manufacturer of electric geothermal heat pumps.

FHP will be integrated into Bosch’s Thermotechnology division, BBT Thermotechnik GmbH.

The purchase price was not disclosed.

FHP had 2005-2006 sales of $51 million and produces electric water-source heat pumps for the heating and air-conditioning of residential and commercial buildings. Its products have an output of up to 220 kilowatts.

Bosch expects double-digit growth potential for water-source heat pumps in the U.S. over the next few years.

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