Heatco International

What Heatco International does

Heatco International is a privately held Egyptian manufacturer and multi-brand distributor of industrial and residential heating equipment, headquartered in Nasr City, Cairo, with a wholly-owned branch in Saudi Arabia (Al-Amiriya) operating since 1980. Founded in 1971, the company manufactures and assembles boilers, hot water systems, gas water heaters, wall-mounted boilers, pool heaters, radiators, underfloor heating systems, heat exchangers, and storage tanks, holding a major share of the Egyptian boiler market and serving as the largest supplier of boilers and tanks to the Egyptian armed forces and hospitals. Its product portfolio combines proprietary HEATCO-branded equipment (e.g., HEATCO STEAM BOILER SH3P, HEATCO HOT WATER BOILER RS, shell and tube exchangers, calorifiers) with distributed European brands including Cordivari, Giacomini, Coterm, Garioni Naval, Roth Werke, Radiatori 2000, NOUVA IMAS, Radiant, Riello, and Raven Heat.

Manufacturing takes place in Egypt using CNC machines and plasma welding systems, with production certified to TÜV Standards and to international codes including PED, ASME, and Lloyd's Register. Heatco holds ISO 9001 certification and won the Century International Quality ERA Award (Geneva, 1990). Products span capacities from compact residential units to industrial systems of up to 20,000 kW, with reported efficiencies of 88–90%+ on key models.

The business model is hardware sales, primarily project-based and quote-driven for industrial and commercial customers, complemented by a smaller e-commerce storefront selling standardized items with both unit and configurator-driven pricing. Customers span residential (villas), hospitality (hotels/resorts), industrial facilities, healthcare (hospitals), government/military (armed forces), and education (Egyptian universities). GTM is sales-led via a "Get Quote" workflow, supported by an interactive website with self-serve quotation tools for pools, radiators, and central heating systems. The company has no disclosed revenue figures, no external funding, and operates with approximately 29 employees.

Name

Heatco International

Legal name

Heatco Group

Website

https://heatcogroup.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

11–50 employees

Short description

Heatco International is an Egyptian manufacturer and multi-brand distributor founded in 1971, producing boilers, water heaters, radiators, heat exchangers, and tanks for residential, industrial, healthcare, military, and hospitality customers across Egypt and the Arab world.

Ownership category

akta.pro rank

Product category

Industrial Boilers and Heating Equipment

NAICS

Power Boiler and Heat Exchanger Manufacturing (332410), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Fabricated Plate Work (Boiler Shops) (3443)

akta.pro primary industry

Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)

akta.pro secondary industries

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)

Keywords

• Boiler manufacturing
• Central heating systems
• Hot water boilers
• Industrial heating equipment
• Radiators heat exchangers

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Boiler and Heating Equipment Sales: Heatco International generates revenue primarily through the sale of boilers, central heating systems, radiators, tanks, heat exchangers, and related heating equipment. Products are sold through their e-commerce platform and direct sales with quote-based pricing for larger/customized orders. Revenue is one-time product sales with potential for add-on services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Heatco International manufactures and distributes boilers and central heating equipment in Egypt, including steam boilers, hot water boilers, gas water heaters, wall-mounted boilers, pool heaters, radiators, underfloor heating systems, storage tanks, and heat exchangers. The company produces its own HEATCO-branded products using CNC machines and plasma welding equipment per TÜV Standards, and distributes branded European products from partners such as Cordivari, Giacomini, Coterm, Garioni Naval, Roth Werke, Radiatori 2000, and IMAS for residential, commercial, industrial, healthcare, and hospitality customers in Egypt and Arab countries.

Product overview

Heatco International is a leading boiler manufacturer in Egypt since 1971, operating as a multi-brand heating solutions provider. The product portfolio consists of two categories: (1) proprietary HEATCO-branded products including steam boilers (SH3P), hot water boilers (RS, WH3P), shell and tube exchangers, storage calorifiers, and water/fuel tanks; and (2) internationally-sourced branded products distributed in Egypt including GARIONI NAVAL boilers, COTERM and WATTSON gas water heaters, RADIANT and RIELLO wall-mounted boilers, RAVEN HEAT electric water heaters, CORDIVARI radiators and heat exchangers, GIACOMINI underfloor heating, and Ticon pool heaters. Products serve residential, commercial, industrial, healthcare, and recreational applications across Egypt and the Middle East.

Differentiator

Problem solved

Functional benefit

Products and services

• GARIONI NAVAL Steam Boiler Industrial steam boiler distributed in Egypt via partnership with Garioni Naval, featuring CE-certified combustion unit, stainless steel burner, and cathodic protection for corrosion resistance. Designed for industrial steam applications.
• HEATCO STEAM BOILER SH3P Heatco-manufactured steam boiler with Lloyd's Register Test and Certificates available upon request, designed for industrial and commercial steam generation.
• GARIONI NAVAL Hot Water Boiler Direct-fired hot water heater with capacity from 50 to 20,000 kW featuring a three-pass fire smoke tube system and a special-purpose injector for internal return temperature boost. Can be certified according to PED, ASME, naval, and other regulations.
• HEATCO HOT WATER BOILER RS Pressurized steel condensing boiler for hot water production with SEDBUK A rating, water efficiency over 90%, 5-year warranty, OpenTherm compatibility, stainless steel main heat exchanger, and compact dimensions (H-700mm, W-400mm, D-300mm).
• HEATCO HOT WATER BOILER WH3P Heatco hot water boiler panel featuring efficient convection and radiation heat transfer and high heat radiance for low-temperature system operation.
• COTERM Gas Water Boiler Italian-manufactured gas water boiler distributed by Heatco with capacity range from 200 to 2,000 liters, designed for optimal heat transfer and fuel efficiency.
• WATTSON Central Water Boiler Central water boiler available in gas (150-2,000 liters) and electric (30-2,000 liters) models, assembled in Egypt with high-quality parts sourced from Italy.
• RADIANT RBS Wall-Mounted Boiler Wall-mounted boiler (Model: Radiant RBC 24 Energy) with 90.2% efficiency coefficient, heating power 10.4-24 kW, and instantaneous hot water production at 11.07 l/min flow rate.
• RAVEN HEAT Electric Water Heater Industrial and residential electric water heater with efficiency above 90%, designed for large systems including sport centres, hospitals, hotels, and gyms.
• RIELLO Wall-Mounted Boiler Wall-mounted boiler for heating swimming pools, hotels, resorts, and sports clubs. Features small size, high efficiency, no smoke/odors/noise, and natural gas fuel.
• Ticon 80 Pool Heater Pool boiler designed for 80m3 swimming pool volume capacity with 52 KW output, 6 bar working pressure, 88% efficiency, and natural gas fuel.
• CORDIVARI DESIGN Radiators Italian-made designer radiators distributed in Egypt by Heatco, featuring robotised production processes with quality management covering 100% of production.
• CORDIVARI TOWEL Radiator Italian towel rail and radiator by Cordivari distributed in Egypt, featuring technological innovation and state-of-the-art production processes.
• IESO Aluminum Radiator Aluminum radiator suitable for use with condensing boilers and low water temperature installations.
• IMAS Radiator Radiator product from NOUVA IMAS Srl distributed in Egypt by Heatco, suitable for various heating applications.
• VIP Classic Style Radiator Classic style radiator product for central heating systems distributed by Heatco.
• GIACOMINI Underfloor Heating Underfloor heating system by Giacomini SPA distributed in Egypt by Heatco as part of its heating solutions portfolio.
• CORDIVARI Plate Heat Exchanger Plate heat exchanger by Cordivari distributed in Egypt for thermal energy transfer in heating and cooling applications.
• CORDIVARI Storage Calorifiers Storage calorifier by Cordivari for hot water storage and heating system integration.
• HEATCO Shell and Tube Heat Exchanger Shell and tube heat exchanger manufactured by Heatco for industrial heating applications.
• HEATCO Storage Calorifiers Heatco-manufactured storage calorifier for hot water storage in heating systems.
• HEATCO Water and Fuel Tanks Storage tanks manufactured by Heatco for water and fuel storage in heating system installations.
• Stainless Steel Double Jacketed Tanks Solar collector and calorifier system with INTERKA POLYWARM coating, capacity from 150 to 300 liters, and insulation in mineral wool.

Quantifiable outcome

• Water efficiency over 90% on HEATCO HOT WATER BOILER RS models
• +2 more outcomes

Named customers6 records

Segments4 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

Nine partnerships are on record, tiered core and minor.

• Roth Werke GmbhcoreTechnology or Integration · 1 January 2011European partnership established in 2011 as part of Heatco's network of leading European heating companies.
• Giacomini SPAcoreTechnology or Integration · 1 January 2011Italian partnership for underfloor heating systems and heating components. Products like GIACOMINI UNDERFLOOR are distributed through Heatco.
• Cordivari SrlcoreTechnology or Integration · 1 January 2011Italian manufacturer partnership for radiators (CORDIVARI DESIGN, CORDIVARI TOWEL), storage calorifiers, plate heat exchangers, and solar collectors. Heatco distributes Cordivari products including the Ardesia designer radiator line.
• CotermcoreTechnology or Integration · 1 January 2011Italian manufacturer of gas water boilers. Heatco distributes Coterm products including gas-fired boilers with capacities from 200 to 2000 liters, known for Italian engineering and high-efficiency performance.
• Radiatori 2000 SPAcoreTechnology or Integration · 1 January 2011Italian radiator manufacturer partnership established in 2011 as part of Heatco's European partner network.
• NOUVA IMAS SrlcoreTechnology or Integration · 1 January 2011Italian manufacturer partnership established in 2011. Heatco distributes IMAS brand radiators through this partnership.
• Tipton OklahomaminorStrategic or Co-development Partner · 1 January 1980Partnership established in 1980 for manufacturing solar energy complexes. This was one of Heatco's early international partnerships focused on renewable energy products.
• HAGGER KESSEL (Germany)coreTechnology or Integration · 1 January 1980Partnership with German boiler manufacturing company established in 1980. Heatco International started producing products according to new designs approved by supervisory bodies such as Lloyd's Register. This partnership brought advanced European boiler technology to Heatco's manufacturing capabilities.
• Garioni NavalcoreTechnology or Integration · 1 January 1954Italian manufacturer specializing in boilers since 1954. Heatco distributes Garioni Naval products including steam boilers and hot water heaters with capacities from 50 to 20,000 kW, certified according to PED, ASME, and naval regulations.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Demirdöküm: Turkish heating brand (now Vaillant-owned) producing combi boilers, radiators, and air-conditioners. A regional peer competing with Heatco for cross-border MENA projects and Turkish-spec products.
• Baymak: Turkish heating manufacturer (now part of BDR Thermea Group) producing boilers, radiators, and air-conditioners. A regional comparable to Heatco in the Eastern Mediterranean and MENA markets, with overlap on residential and commercial heating.

Broad incumbents

• Ariston Group: Global Italian-origin heating and water heating company (Ariston, ELCO, Chaffoteaux brands) with strong MENA presence. Directly comparable to Heatco on residential and commercial boilers but at meaningfully larger scale and geographic reach.
• Bosch Thermotechnology: Global heating and hot water division of Bosch producing boilers, heat pumps, and HVAC systems. A broader incumbent that competes with Heatco on mid- and large-scale projects in Egypt and globally, with much larger R&D and service network.

Direct peers

• Cordivari: Italian manufacturer of radiators, plate heat exchangers, storage calorifiers, and solar collectors. Heatco distributes Cordivari's full Egyptian lineup, including the Ardesia radiator and stainless steel double-jacketed tanks, putting them in direct product overlap.
• Garioni Naval: Italian manufacturer of steam and hot water boilers since 1954 with capacities up to 20,000 kW and PED/ASME/naval certifications. Heatco is an Egyptian distributor of Garioni Naval boilers, making them a peer both as a partner and as a directly comparable manufacturer in the same niche.
• Riello: Italian combustion and heating equipment manufacturer with a portfolio of wall-mounted boilers and burners. Heatco distributes Riello boilers in Egypt, and the two companies compete head-to-head on residential and commercial heating jobs.
• Giacomini: Italian manufacturer of underfloor heating, valves, and HVAC components. Heatco distributes Giacomini underfloor heating systems in Egypt, and both companies operate in the same hydronic and radiator product categories.
• Fondital: Italian manufacturer of aluminum radiators, boilers, and heating systems. Comparable to Heatco on Italy-sourced technology, similar product breadth across wall-mounted boilers and radiators, and overlap in MENA distribution.
• Ferroli: Italian boiler and heating manufacturer serving residential, commercial, and industrial markets with a strong presence in MENA. Ferroli is a directly comparable peer to Heatco in target customers, product mix, and regional footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/heatco-international

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Heatco International