Exchanger Industries Limited has acquired HRS Heat Exchangers Ltd. to enhance its heat transfer product capabilities and expand internationally, targeting sustainable solutions across several industries.

Information on the Target

Exchanger Industries Limited (EIL), headquartered in Calgary, is a leading Canadian designer and manufacturer of heat transfer products, tailored primarily for the energy, petrochemical, industrial, and clean power generation sectors. Recently, EIL has acquired HRS Heat Exchangers Ltd. (HRS), an internationally recognized supplier specializing in heat exchangers and custom process systems across the environmental, food, beverage, and pharmaceutical industries. The exact financial details of the acquisition have not been disclosed.

The HRS management team, known for their expertise and industry knowledge, will remain with EIL, contributing significantly to the execution of their ambitious international expansion plans. This strategic combination aims to leverage shared capabilities and enhance service delivery across both companies.

Industry Overview in Canada

The Canadian manufacturing sector has consistently shown resilience, particularly in specialized industries like heat transfer, which is critical in various sectors such as energy and food processing. As countries focus on environmentally sustainab