Thermon Group Holdings, Inc. (THR) has acquired Italy-based Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I."), aiming to expand its product range and geographic presence. This move reinforces Thermon's position to better address the rising global demand for electrification and decarbonization solutions. The acquisition, valued at €12.5 million, was funded using available cash reserves, and it is subject to customary adjustments. Based in Milan, Italy, F.A.T.I. is a prominent designer ...