Vernet Group acquires the industrial activities of Thermal Management Solutions France

OLLAINVILLE, France - Aug. 1, 2024 - PRLog -- Vernet Group, a portfolio company of Stirling Square Capital Partners, has acquired the industrial activities of Thermal Management Solutions France, a portfolio company of Thermal Management Solutions Group formed by Cartesian Capital Group.

Benoit Halard, President of Vernet Group, said: "We are thrilled to welcome this activity, known as Dauphinoise Thomson, into the Vernet Group family. This acquisition will allow us to further expand our business and continue our innovation and product development efforts. We are confident that integrating Dauphinoise Thomson will create new manufacturing synergies within our Home & Building Business Unit."

The acquired business of Dauphinoise Thomson will be fully integrated into Vernet Group and will operate under the name Dauphinoise by VERNET.

The location will remain in Grenoble. "We are happy to welcome all new employees from Grenoble into our team," said Frank Brückmann, the Vernet Business Unit Manager for Home and Building.

This new complementary strength will enable the Vernet Group to enhance and secure its industrial capabilities, providing a robust platform to serve new and existing customers to the highest possible level while continuing to ensure a reliable supply of our products.

About Vernet Group: Founded in 1927, Vernet is the global leader in wax expansion thermostatic solutions for the sanitary, heating, ventilation, air conditioning, automotive, heavy-duty truck, and industrial sectors. The company is headquartered in Ollainville, France, and employs 900 people worldwide.

About Dauphinoise Thomson: Based in Grenoble, France, DT is a manufacturer specializing in thermostats for industrial, heating, and sanitary markets, recognized for their know-how on the domestic markets for several decades.
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