Groupe Atlantic
The Groupe Atlantic is a French HVAC company. It was founded in la Roche-sur-Yon by Mr Radat and Mr Lamoure in 1968. Groupe Atlantic is based in 10 different countries with over 20 factories.
The company has 20 factories, 10 of which are located outside France, and approximately 6,500 employees, of which approximately 2,900 are outside France Groupe Atlantic also own Ideal Boilers located in Hull, UK.
History
In 1968, Atlantic was founded by Paul Radat and Pierre Lamoure. During the first years, the company growth was mainly based on mergers and acquisitions of French competitors. In 1973, Guillot a French boiler manufacturer based in Lyon was acquired. In 1986, Thermor & Sauter were acquired by the groupe. These acquisitions were followed by the purchase of Pacific, a French storage water heater company.In the 2000s, Atlantic start to grow outside of France, with the purchase of Ygnis, a swiss, which was the first acquisition outside of France. This strategy of internationalisation was continued with the creation of new sites outside of France: The Cairo in 2004, Odesa in 2006, İzmir in 2007. In the meantime, several sites were created in France like the Fontaine plant in 2008. And company were acquired: Franco-Belge in 2002, Magnum in 2006, Hamworthy was taken over in 2008
During the 2010s, the group continued its development strategy in France and abroad. In 2011, Lazzarini and Erensan were acquired, followed in 2013 by Feinwerk and Austria Email. The group starts to grow in Asia, with the creation of the
Rayong site in 2014.
In 2015 Ideal, Keston and Gledhill were acquired, and the Billy-Berclau site was created. In 2016, the Trappes site was created, followed by the acquisition in 2017 of Thercon and Orcon were acquired. Thanks to the dynamism of the Asian market, the group has accelerated its development there, with the creation of two new sites in 2017: Kutaisi and Dehradun. They were followed by the creation of a new plant in İzmir in 2018.
In 2019 ACV was acquired, and in 2021, 70% of ThermicEnergy were acquired.
In December 2025, the group announced its agreement to be acquired by the Japanese-American group Paloma Rheem for an amount exceeding 3 billion euros. As of December 23, 2025, the acquisition is still subject to authorization from the Ministry of the Economy and the Dreets of the Pays de la Loire.