Kelvion was acquired by Triton Fund IV in October 2014
Kelvion is a globally active manufacturer of industrial heat exchangers for different kind of markets, its management is based in Bochum, Germany. Its large product portfolio includes plate heat exchangers, shell & tube heat exchangers, finned-tube heat exchangers, modular cooling towers and refrigeration heat exchangers. The company reaches customers in global markets for power generation, oil and gas, chemistry, marine applications, climate and environment, and food and beverages. Kelvion focuses on customer-specific products and services and serves its target groups throughout a global sales and production network.
Prior to Triton ownership, Kelvion was the Heat Exchanger Systems division within the GEA Group AG's Heat Exchanger segment. The former division became a standalone company, and in November 2015 was branded Kelvion. The two remaining Heat Exchanger segments have also become standalone and independent companies, namely DencoHappel (formerly Air Treatment) and ENEXIO (formerly Power Cooling Solutions).
In October 2017, Triton Fund IV acquired Rocore, a producer and supplier of head exchange products in the US. Rocore focuses on heavy duty industrial end markets including Power Generation, Petrochemical, Oil & Gas, Rail, On-Highway and Off-Highway. Since September 2018, Rocore is part of the Kelvion Group.
Kelvion is a globally active manufacturer of industrial heat exchangers for different kind of markets, its management is based in Bochum, Germany. Its large product portfolio includes plate heat exchangers, shell & tube heat exchangers, finned-tube heat exchangers, modular cooling towers and refrigeration heat exchangers. The company reaches customers in global markets for power generation, oil and gas, chemistry, marine applications, climate and environment, and food and beverages. Kelvion focuses on customer-specific products and services and serves its target groups throughout a global sales and production network.
Prior to Triton ownership, Kelvion was the Heat Exchanger Systems division within the GEA Group AG's Heat Exchanger segment. The former division became a standalone company, and in November 2015 was branded Kelvion. The two remaining Heat Exchanger segments have also become standalone and independent companies, namely DencoHappel (formerly Air Treatment) and ENEXIO (formerly Power Cooling Solutions).
In October 2017, Triton Fund IV acquired Rocore, a producer and supplier of head exchange products in the US. Rocore focuses on heavy duty industrial end markets including Power Generation, Petrochemical, Oil & Gas, Rail, On-Highway and Off-Highway. Since September 2018, Rocore is part of the Kelvion Group.
Location: Germany, North Rhine-Westphalia, Bochum
Investors 1
| Date | Name | Website |
| 02.05.2023 | Triton | triton-par... |
Mentions in press and media 5
| Date | Title | Description |
| 29.08.2025 | Changes in the Board of Directors of Mohinder FinCo AB | Changes in the Board of Directors of Mohinder FinCo AB Fri, Aug 29, 2025 15:00 CET Report this content MOHINDER FINCO AB PRESS RELEASE, 29 AUGUST 2025 AT 3PM CEST The extraordinary general meeting of Mohinder FinCo AB held on 29 August 2025... |
| 13.08.2025 | Американская Apollo купит немецкого климатичекого оборудования Kelvion за €2 млрд | Как говорится в заявлении, опубликованном в среду и подтверждающем более ранний материал Bloomberg News, Triton сохранит миноритарную долю в Kelvion. Закрытие сделки ожидается между четвертым кварталом 2025 года и первым кварталом следующег... |
| 11.03.2024 | Heat Exchanger Market 2024 Global Share to Hit US$ 29.82 Bn by 2031, With a Growing CAGR of 5.7% Over Forecast Period | Heat Exchanger Market 2024 Heat Exchanger Market Soars: Fueled by Industry Growth, Sustainability Initiatives, and Enhanced Performance Demands The Heat Exchanger Market at US$19.14 Bn in 2023, set to hit US$29.82 Bn by 2031, with 5.7% CAGR... |
| 11.03.2024 | Surface Condenser Market is anticipated to reach USD 5,119.0 Million by 2031 | Growth Market Reports | Growth Market Reports Surface Condenser Market Outlook Surface Condenser Market Product Surface Condenser Mounting Type The Global Surface Condenser Market size was valued at USD 3,254.4 Million in 2022 and is anticipated to reach USD 5,119... |
| 22.07.2021 | Kelvion Selects OneStream To Unify And Modernize Complex Finance Operations | Global heat exchanger manufacturer to replace Tagetik and Excel spreadsheets with OneStream’s Intelligent Finance Platform Kelvion, one of the leading manufacturers of heat exchangers, has selected corporate performance management (CPM) ven... |