ARVOS Group

What ARVOS Group does

ARVOS Group is a private industrial equipment manufacturer and aftermarket services provider, owned since 2014 by funds advised by European private equity firm Triton. The group operates through two core divisions: LJUNGSTRÖM, which supplies rotary regenerative air preheaters and gas-gas heaters for thermal power generation and is now diversifying into offshore wind structural steelwork; and SCHMIDTSCHE SCHACK, which provides process-critical heat transfer equipment (syngas coolers, steam superheaters, burner systems) for petrochemical, chemical, and metallurgical applications, including sustainable aviation fuel production. Underlying technology includes proprietary heating element designs (e.g., DNF+), with patent enforcement history and century-old brand heritage (LJUNGSTRÖM, SCHMIDT'SCHE, SCHACK) supporting premium positioning.

The company generates revenue through one-time new equipment sales with multi-year contract cycles and recurring aftermarket lifetime services (maintenance, parts, upgrades, retrofits) for its installed base and even competitors' equipment. Pricing is quote-based and not publicly disclosed. Go-to-market is enterprise field sales with division-level operational leadership, executed through 6-7 manufacturing facilities across Germany, the USA, Japan, China, and India, plus sales offices in eight countries serving customers in over 80 markets. Named end customers include major utilities, EPCs, and industrial operators such as GE Power, Doosan Power Systems India, Riggs Distler, and Fulcrum BioEnergy.

In FY 2022/23, ARVOS generated EUR 303 million in revenue (+17% YoY) with a 17% adjusted EBITDA margin, EUR 438 million in record order intake (+52% YoY), and employed more than 1,000 people globally. The Triton carve-out of the Alstom Steam Auxiliary Components business was rationalized in 2018 with the divestiture of the Raymond Bartlett Snow division to Schenck Process, leaving a focused two-division industrial heat exchange platform positioned for the energy transition via emissions reduction retrofits and renewables-adjacent product lines.

Name

ARVOS Group

Legal name

ARVOS Holding GmbH

Website

https://arvos-group.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

51–100 employees

Short description

ARVOS Group is a private, Triton-owned industrial equipment manufacturer supplying air preheaters, gas-gas heaters, and process heat transfer equipment — plus lifetime aftermarket services — to power generation, petrochemical, chemical, and metallurgical customers worldwide.

Ownership category

akta.pro rank

Product category

Industrial Heat Transfer Equipment

NAICS

Power Boiler and Heat Exchanger Manufacturing (33241), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Industrial Process Furnace and Oven Manufacturing (333994)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433), Industrial Process Furnaces & Ovens (3567)

akta.pro primary industry

Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

akta.pro secondary industries

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Waste Heat Recovery & Heat Integration (HRSG/ORC, Pinch Analysis, Heat Exchangers) (EUABAJAF), Industrial Furnaces, Kilns & Thermal Processing Equipment (IMAHAEAE)

Keywords

• Heat transfer equipment
• Air preheaters manufacturing
• Industrial heat exchangers
• Thermal power generation equipment
• Petrochemical process equipment

Headquarters

HQ city

Heidelberg

HQ country

Germany

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. New Equipment Sales: Sale of industrial equipment including air preheaters, gas-gas heaters, and heat transfer systems for power generation and process industries. Equipment orders typically have long lead times from order intake to delivery and revenue recognition.
2. Aftermarket Services: Lifetime services including maintenance, parts supply, upgrades, and replacement equipment for existing installations. Services provided globally through regional operations.
3. Diversified Products: New products including offshore wind tower components and other diversification product areas contributing to revenue growth.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

ARVOS Group designs, manufactures, and services industrial heat exchanging equipment through two divisions. LJUNGSTRÖM supplies rotary regenerative air preheaters and gas-gas heaters that improve thermal power plant efficiency, and SCHMIDTSCHE SCHACK delivers heat transfer systems for petrochemical, chemical, and metallurgical processes. The group complements equipment sales with advanced lifetime aftermarket services, parts, upgrades, and diversification products such as offshore wind tower structural steelwork.

Product overview

ARVOS Group is a leading global industrial equipment and service provider comprising two core divisions. The LJUNGSTRÖM division supplies air preheaters and gas-gas heaters (rotary regenerative heat exchangers) for thermal power generation facilities, with diversification into offshore wind structural steelwork. The SCHMIDTSCHE SCHACK division provides heat transfer solutions including burners, syngas coolers, and steam systems for petrochemical, chemical, and metallurgical processes. Both divisions offer advanced lifetime services including aftermarket support, upgrades, and maintenance. The company operates six global manufacturing facilities and serves customers in over 80 countries through sales offices worldwide. The group employs over 1,000 people and is owned by funds advised by Triton.

Differentiator

Problem solved

Functional benefit

Brands

• LJUNGSTRÖM®: Air preheaters and gas-gas heaters for thermal power generation facilities, offshore wind products, and aftermarket services. Brand known for setting standards for over 100 years.
• SCHMIDT'SCHE®
• SCHACK®

Products and services

• LJUNGSTRÖM Air Preheaters Rotary regenerative heat exchangers used in thermal power plants to preheat combustion air using waste heat from flue gas, improving plant efficiency and reducing fuel consumption by up to 25%.
• LJUNGSTRÖM Gas-Gas Heaters (GGH) Heat exchangers for flue gas Selective Catalytic Reduction (SCR) De-Nitrification plants, used for NOx emissions reduction in power plants and industrial facilities.
• SCHMIDTSCHE SCHACK Heat Transfer Solutions Heat transfer solutions for a wide range of challenging applications in petrochemical, chemical, and metallurgical processes, including burners, syngas coolers, and steam superheating systems.
• SCHACK Radiation Syngas Cooler Equipment for sustainable aviation fuel production used in gasification processes to convert synthesis gas and cool it for further processing.
• Offshore Wind Structural Steelwork Specialized structural steel components for offshore wind turbine foundations, including prefabricated steel components, supported internal platforms, and anode cage assemblies.
• Aftermarket and Lifetime Services Advanced lifetime services including equipment overhaul, replacement, upgrades, and maintenance for both LJUNGSTRÖM and SCHMIDTSCHE SCHACK products, including service for competitors' equipment, delivered globally through regional offices.

Quantifiable outcome

• Up to 25% less fuel consumption in thermal power plants
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Technical University of Darmstadt (VERENA Project)minorStrategic or Co-development Partner · 21 December 2020SCHMIDTSCHE SCHACK participates in VERENA research project coordinated by Technical University of Darmstadt, working on advanced solutions for circular economy and chemical recycling. Total project budget EUR 11.1 million with EUR 8.3 million German government grant. Partners include TU Munich, TU Bergakademie Freiberg, Forschungszentrum Jülich, and other industrial partners.
• Power China Turbo Technologies (PCTT)coreStrategic or Co-development Partner · 20 August 2018Strategic partnership to support China One Belt One Road Strategy with technology enhancing plant efficiency, flexibility and operational performance. LJUNGSTRÖM and PCTT work together in key markets in China and South East Asia to jointly approach customers on integrated suite of technologies including fans, air preheaters, and other products.
• Power Technical Services LLCminorStrategic or Co-development Partner · 6 September 2017Strategic global partnership to expand aftermarket capabilities to offer service and components for existing stationary matrix (Rothemühle) air preheaters in addition to Ljungström product line.
• URS (AECOM company)minorStrategic or Co-development Partner · 16 December 2014Exclusive agreement to jointly develop, demonstrate, and market energy efficiency solution combining URS SBS Injection sorbent injection technology with LJUNGSTRÖM air preheater technology, improving coal-fired power plant efficiency by 1-3% with corresponding CO2 reduction.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Mitsubishi Power: Major OEM of thermal power plant equipment including gas turbines, boilers, and emissions control systems. Overlaps with ARVOS as a buyer/integrator of heat transfer equipment and as a competitor in efficiency upgrade solutions.
• Siemens Energy: Global energy equipment OEM with broad portfolio in thermal power generation, including heat exchangers and emissions solutions. Provides an alternative supplier option for ARVOS's utility customers and competes in integrated efficiency upgrade projects.
• Andritz AG: Austrian industrial group with a Pulp & Paper division historically overlapping in heat transfer and air preheater technology. Broader process equipment portfolio with overlapping technologies in power and process industries.

Regional players

• Thermax Limited: India-headquartered specialist in heat transfer, boilers, and process equipment for industrial and power markets. Directly comparable technology offering with strong regional overlap in India, where ARVOS has built the 16,000 MT/yr Chennai facility.
• Shanghai Electric Power Generation Equipment: Chinese state-affiliated manufacturer of thermal power generation equipment including boilers and heat transfer components. Represents the local competitor ARVOS partners against (or with) in China via the Power China Turbo Technologies alliance.

Direct peers

• Babcock & Wilcox Enterprises: US-based supplier of heat recovery and steam generation equipment for thermal power and industrial markets. Direct overlap with ARVOS in air preheaters, heat exchangers, and emissions/NOx reduction retrofits for fossil-fired power plants.
• Chart Industries: Specialty manufacturer of cryogenic and process heat transfer equipment serving power, petrochemical, and industrial gas markets. Comparable in process heat exchangers, syngas cooling, and aftermarket service orientation.
• Hamon Group: Belgium-based specialist in air-cooled heat exchangers, cooling towers, and air preheaters for power generation and process industries. Direct competitor to ARVOS LJUNGSTRÖM in air preheater technology for thermal power plants.
• Doosan Enerbility: Korean OEM of power plant boilers, turbines, and heat recovery equipment. Overlaps with ARVOS as a customer (e.g., Doosan Power Systems India supplied Obra-C/Jawaharpur) and as a competitor in Asian thermal power EPCs.
• SPX Technologies (Heat Transfer): Through its Heat Transfer segment, manufactures heat exchangers and air-cooled condensers for power, petrochemical, and HVAC applications. Comparable in process heat transfer technology and aftermarket service model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ARVOS Group