Kelvion completes acquisition of Rocore Group
18. September 2018 Bochum (Germany)/Indianapolis, Indiana (USA), September 18, 2018 – Kelvion, a globally active manufacturer of industrial heat exchangers, announced today, that it has successfully completed the acquisition of all shares in Rocore Holding GmbH and its direct and indirect subsidiaries (“Rocore Group”). Rocore is a US leading producer and supplier of heat transfer products. Headquartered in Indianapolis, IN, USA, Rocore focuses on heavy duty industrial end markets including Power Generation, Petrochemical, Oil & Gas, Rail, On-Highway and Off-Highway and supplies a wide variety of heat exchange solutions, products and services into its identified end market segments.
“We are pleased to welcome the entire team of Rocore Group to Kelvion. Rocore Group adds a strong complementary product portfolio to Kelvion, creating value for our customers and strong opportunities for growth”, said Jürgen Vinkenflügel, CEO of Kelvion and adds: “The drive for innovation, quality and the close partnership with our customers are key to all of us. Rocore Group, as one of the market leaders in the US, has been building its current presence over the last four decades. The acquisition of Rocore is another essential milestone for the expansion of our market access in the very important US market”.
“Being part of the Kelvion Group will enable Rocore, historically a US company with strong focus on the US market, to make full use of Kelvion´s international presence”, said Stuart Eden, President and CEO of Rocore Group. “We are confident that through Kelvion´s global reach and our joint product portfolio we will be able to offer great new products and services to our customers. The strengths of both Groups complement each other perfectly”, Stuart Eden continues.
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