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Based on consensus from external analysts. Not Kvantra's opinion.

Ariston Holding N.V. is a global enterprise specializing in the manufacturing and distribution of advanced hot water and space heating systems, catering to both commercial and residential clients. Its operations are structured across three primary segments: Thermal Comfort, Burners, and Components. The firm's extensive product range for water heating encompasses energy-efficient heat pumps, diverse gas-fired storage and instantaneous water heaters, storage cylinders, solar thermal solutions, and electric storage and instant water heating units. For space heating, offerings include modern boilers, heat pumps, integrated hybrid systems, air conditioning equipment, and smart thermostats, complemented by direct customer services and spare parts. Furthermore, it provides specialized services like domestic heat-recovery ventilation, comprehensive air handling systems, and combined heat and power (CHP) solutions. The company is also a supplier of various burners and essential system components. Its portfolio is marketed globally under a distinguished group of brands, such as Ariston, Elco, Chaffoteaux, Racold, Calorex, NTI, HTP, ATAG, Thermowatt, Cuenod, and Ecoflam. Established in 1930 and based in Milan, Italy, Ariston Holding N.V. functions as a subsidiary of Merloni Holding S.P.A.

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