Canadian Manufacturing

Simoneau acquires Novatherm’s intellectual property

The company says the acquisition will allow them to keep in Quebec skillsets needed for the thermal energy production equipment sector.

February 26, 2022   by CM Staff

BOUCHERVILLE — Simoneau has acquired the intellectual property of Novatherm Energy, a Quebec-based manufacturer of electric boilers and thermal energy production equipment.

“It is with great excitement and high regard for Novatherm Energy’s technologies that we made this important acquisition,” says Nancy Simoneau, president and CEO of Simoneau in a statement.

“In an era of business model transformations, where the ways of doing business are changing, Simoneau and Novatherm Energy share a long-term endeavour and goal: maximizing the energy efficiency of our clients’ boiler room equipment while contributing to the reduction of the effects of global warming.”

The company also expressed that the acquisition will allow them to keep in Quebec a particular skillset for the thermal energy production equipment sector as well as the relative specialized jobs.

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