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The Spheros brand is back - Into the future with experience and professionalism.
01.07.2024
With the official change of ownership, Spheros, a global leader in thermal management solutions for buses and refrigerated transport fleets, will again become legally and financially independent.
H.I.G. Capital, an investor specializing in medium-sized companies, took over Thermal Commercial Vehicles from Valeo on July 1, 2024. In the future, the Company will operate under the well-known Spheros brand. Spheros continues to stand for innovation and system competence. The Company name change has already been completed at most Spheros sites and will be finalized in the coming weeks.
The ownership structure's reorganization has no impact on the group's plants and employees or on cooperation with customers and suppliers. Spheros remains the reliable system and development partner for thermal management solutions in commercial vehicles. The technological know-how combined with the capital and other support from H.I.G. Capital will enable the Spheros Group to expand its leading position in the market further.
Based in Germany and operating internationally, the Company offers a comprehensive portfolio, including air conditioning systems, heaters, coolant pumps, and other associated hardware for a wide range of passenger buses and coaches (both conventional and electric) as well as
Global presence — local excellence Spheros' success confirms this corporate philosophy. The company's global organization, international development teams, customer-oriented production capabilities on all continents, and worldwide network of highly qualified service partners are considered unique in the industry.
Spheros, the company's system partner, has demonstrated its ability to see the bigger picture for over 60 years. With vehicle electrification, the concept of a system is becoming increasingly important. Spheros is the only manufacturer worldwide to offer a complete product range for cooling, heating, and ventilation for various vehicles and operating conditions. The software and control solutions developed in-house make this an efficient system for vehicle air management.
"Based on our technological know-how and our management team's many years of experience, having H.I.G. Capital as the new owner offers us the best development and growth opportunities," says Mark Sondermann, C.E.O. of the Spheros Group. "This allows us to focus more consistently on the global bus business and take advantage of opportunities in adjacent market segments."
Tobias Borkowski, Managing Director of the H.I.G. Europe Private Equity team, commented: "We have been impressed by Spheros' track record of continuous growth, and we see significant potential in leveraging its global leadership position to support a transition towards clean and sustainable mobility solutions. We believe H.I.G. Capital is the ideal partner to support the management team in its next growth phase."
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