Portsmouth, NH (PRWEB) April 26, 2012
The Heico Companies LLC has completed the acquisition of substantially all the assets and operations of Vette Corp, including Coolcentric, a division of Vette Corp.
The Heico Companies LLC is a parent holding company with assets of over $2 billion and a diversified portfolio of over 35 businesses involved in manufacturing, construction and industrial services. Heico manages its businesses for the long term and offers management teams both the resources of its larger organization and the independence and entrepreneurial opportunity to run stand-alone business units. Read more about The Heico Companies LLC here http://www.heicocompanies.com
Coolcentric’s liquid cooling systems, proven to be one of the world’s most efficient data center cooling solutions, are helping data center owners across the globe who are searching for ways to reduce energy consumption and contribute as smarter global citizens.
Vette Corp is a global design, engineering and manufacturing company with years of experience solving cooling challenges, at the component, system and facility level.
Vette Corp and Coolcentric operations will be integrated with Heico’s recently-acquired Wakefield Thermal Solutions, a designer and manufacturer of thermal management solutions and aluminum extrusions, to build a leading global thermal company under the direct leadership of Kevin Kreger, President of Wakefield and Vette.
George Dannecker, formerly President and CEO of Vette Corp and now EVP of Wakefield and Vette said, “We are very excited about Vette Corp and Coolcentric becoming part of The Heico Companies, and the greatly extended value we can bring to our customers through the expanded resources of Heico and the synergistic alliance with Heico businesses serving our industry”