HPAC Magazine

Modine closes Geofinity deal

By HPAC Magazine   

Geothermal Heat Pumps HPAC General HVAC Systems

Modine Manufacturing Company recently completed the acquisition of substantially all of the assets of privately-held Geofinity Manufacturing of Surrey, BC. This acquisition will provide Modine with a full line of geothermal heat pumps in both water-to- water and water-to-air models. The terms of the deal were not disclosed. Geofinity was the recipient of a  2012 AHR Innovation Award in the Building Automation Category for its “ORB” Heat Pump Controller. The acquisition extends Modine’s current geothermal heat pump product range beyond school-only applications to a wider market, one which has grown at a rate of nearly 15 per cent annually. With a focus on the residential market, Geofinity offers Modine an opportunity to expand Modine’s distributed-product offerings to an established customer base.



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