AICHELIN Group signs agreement to acquire NITREX (NTS & UPC), becoming leading global furnace manufacturer group

Strategic acquisition expands global reach and strengthens product portfolio

The AICHELIN Group, a global provider of industrial heat treatment solutions, has signed an agreement to acquire the NTS & UPC business divisions of NITREX, a manufacturer of industrial furnaces focused on nitriding solutions. Headquartered in Canada, NITREX has around 250 employees in five countries. Note: The business unit Heat Treating Services is not included in the scope of the acquisition.