Ariston (company)

Ariston Holding N.V.

Formerly	Merloni TermoSanitari S.p.A. (1975-2009) Ariston Thermo S.p.A. (2009-2020) Ariston Thermo Holding S.p.A. (2020-2021)
Company type	Public
Traded as	BIT:  ARIS FTSE Italia Mid Cap
ISIN	NL0015000N33
Industry	Home appliance
Predecessor	Industrie Merloni
Founded	1975;51 years ago (1975)
Founder	Francesco Merloni
Headquarters	Fabriano , Italy
Area served	Worldwide
Key people	Francesco Merloni, honorary chairman Paolo Merloni, chairman Laurent Jacquemin, CEO
Products	Thermal comfort
Revenue	€1.57 billion (2017)
Number of employees	7,000 (2017)
Website	www.aristongroup.com

Ariston (formerly Merloni TermoSanitari) is an Italian multinational operating in the thermal comfort sector, active in the production of solutions for space and water heating, burners and components. ^[1]

Founded in 1975 through the split of Industrie Merloni into several companies, ^[2] it is headquartered in Fabriano, the Merloni family's traditional home.

It has been listed on the Milan Stock Exchange since November 2021.

History

1975-2009: Merloni TermoSanitari

In 1930, Aristide Merloni founded Industrie Merloni in the Marches and began producing scales.

The production of electric water heaters started in 1960 with the launch of the brand Ariston. ^[3]

In 1975 Industrie Merloni split into several companies, including Merloni TermoSanitari (MTS Group) and Merloni Elettrodomestici.

During the 1980s the company started manufacturing boilers.^{[ citation needed ]}

During the 1990s the company opened its first branches in Eastern Europe and Asia. It also acquired Racold, ^[4] India's largest water heaters' manufacturer, and opened its first wholly owned plant in China.^{[ citation needed ]}

In 2001, Industrie Merloni acquired the heating and burner companies Chaffoteaux, Elco, Cuenod and Rendamax.

In 2005 Merloni Elettrodomestici changed its name into Indesit Company.

2009-present: Ariston

In 2009, the company changed its name to Ariston Thermo Group. ^[5] It acquired the heat pumps company Termogamma in 2008, ^[6] the water heating systems Swiss companies Cipag and Domotec in 2011, ^[7] and the Italian heating company DhE in 2013. A joint-venture was launched in Uzbekistan to launch distribution in this country.^{[ citation needed ]}

In 2014, Ariston Thermo acquired the water heaters South African company Heat Tech Geysers, ^[8] inaugurated an electric water heater factory in Vietnam, ^[9] and acquired the heating industry Dutch company ATAG Heating. ^{[10] [11]} In 2015, it acquired the heating Danish company Gastech-Energi,^{[ citation needed ]} and inaugurated a 10,000 m² logistics center in Vsevolozhsk near St. Petersburg. ^[12] in 2016, it acquired the condensing boilers Canadian company NY Thermal. ^{[13] [14] [15]}

During 2017 the Group completed two further acquisitions, one in the United States of America, where in August Ariston Thermo acquired HTP, ^[16] a leading company in this market for thermal comfort solutions^{[ clarification needed ]}, and the other in Israel in October acquiring ATMOR Group, ^[17] a leading company in the technology of electric instantaneous water heaters.

In 2021 changed its name to Ariston Group and has been listed on the Milan Stock Exchange.

Controversy

Following Russia's invasion of Ukraine in 2022 and the resulting international sanctions, Ariston continued operations in Russia and actively hired staff. ^[18] In April 2024, the Russian government transferred control of Ariston's assets to an entity managed by Gazprom, without notifying the company. This action drew criticism from the Italian government and the European Union, raising concerns over corporate autonomy. ^{[19] [20]}

Description

Ariston Water heater

In 2016, Ariston Thermo sold 7 million products in over 150 countries worldwide, amounting to a turnover of 1.43 billion Euro.^{[ citation needed ]} It employs 6,900 people working in 59 companies, with 8 representative offices in 36 countries. ^[21]

Ariston owns the following brands and companies: Ariston, Elco Heating Solutions (founded as Emile Looser Company), Chaffoteaux, Racold, Régent, ATAG (ATAG Heating Group founded by Antoon Tijdink and Antoon van Goor), NTI, HTP, Cuenod, Ecoflam, Thermowatt, Wolf Heiztechnik, Hotpoint, Brink Climate Systems, Ned Air, and Calorex.

See also

• Francesco Merloni
• Indesit
• Merloni

References

1. "Who we are and what we do". www.aristonthermo.com. Retrieved 24 September 2017.
2. "Our history". www.aristonthermo.com. Retrieved 24 September 2017.
3. Raffaele Fontanella, Maurizio Di Somma, Marcello Cesar, Francesco Ruta. "Ariston". www.museodelmarchioitaliano.com. Retrieved 17 November 2014.
4. "MTS group to invest Rs 30 cr in Chakan plant". expressindia.indianexpress.com. Retrieved 17 November 2014.
5. "Mts Group: cambia nome in Ariston Thermo Group" (in Italian). Milano Finanza. Retrieved 17 November 2014.
6. "MTS Group acquisisce la svizzera Termogamma SA" (in Italian). Soldionline. 28 June 2006. Retrieved 17 November 2014.
7. "Industria: Ariston Thermo compra maggioranza Cipag e Domotec - Marche - ANSA.it". www.ansa.it (in Italian). Retrieved 17 November 2014.
8. "Company Overview of Heat Tech Geysers (Pty) Ltd". Bloomberg Businessweek . Retrieved 17 November 2014.
9. tuoitrenews (14 April 2014). "Italian water heating firm opens $18mn plant in Vietnam". Vietnam Breaking News. Retrieved 17 November 2014.
10. "Ariston Thermo acquires ATAG Heating". www.buildersmerchantsnews.co.uk. 9 September 2014. Retrieved 17 November 2014.
11. verwarming.nl. "ATAG Heating wordt onderdeel van Ariston Thermo | verwarming.nl". www.verwarming.nl. Retrieved 22 August 2015.
12. "HVAC: Italienska Ariston Thermo förvärvar marknadsledande vä". www.anecta.se (in Swedish). Retrieved 22 August 2015.
13. "Ariston Thermo entra nel mercato nord americano con l'acquisizione di NTI - GT – Il Giornale del Termoidraulico". www.ilgiornaledeltermoidraulico.it (in Italian). Retrieved 24 September 2017.
14. "Ariston Thermo entra nel mercato nord americano con l'acquisizione di NTI - RCI – progettare rinnovabili riscaldamento climatizzazione idronica". www.rcinews.it (in Italian). Retrieved 24 September 2017.
15. "Ariston Thermo entra nel mercato nord americano con l'acquisizione di NTI - Commercio idrotermosanitario". Commercio idrotermosanitario (in Italian). 26 September 2016. Retrieved 24 September 2017.
16. Romano, Michele (1 August 2017). "Dopo il Canada gli Usa: Ariston Thermo cresce in America del Nord". Il Sole 24 ORE (in Italian). Retrieved 24 September 2017.
17. Orlando, Luca (3 October 2017). "Ariston Thermo cresce all'estero e investe in Israele". Il Sole 24 ORE (in Italian). Retrieved 23 October 2017.
18. "Over 1,000 Companies Have Curtailed Operations in Russia—But Some Remain | Yale School of Management". som.yale.edu. Retrieved 5 December 2024.
19. "Italy's Ariston says it wasn't notified of transfer of Russian assets". Reuters. 27 April 2024. Retrieved 5 December 2024.
20. "Italian government, EU disappointed by Russia's nationalisation of Ariston subsidiary". Euractiv. 27 April 2024. Retrieved 5 December 2024.
21. "The Group by numbers". www.aristonthermo.com. Retrieved 24 September 2017.

External links

• Official website