G.I. Holding
G.I. Holding is an Italian HVAC and process cooling manufacturer operating four brands (CLINT, KTK, NOVAIR, MONTAIR) across five plants in Italy, Hungary, and Malaysia, selling capital cooling equipment to commercial, industrial, and data centre customers in 70+ markets, now wholly owned by BDR Thermea Group since July 2026.
- Company typePrivate
- Founded1979
- HeadquartersLatisana, Italy
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What G.I. Holding does
G.I. Holding (legal name G.I. Industrial Holding S.p.A.) is an Italian HVAC and process cooling manufacturer headquartered in Latisana (UD), Italy, with five production plants in Italy, Hungary, and Malaysia and commercial subsidiaries in the UAE and Malaysia. Founded in 1979, the group operates four core brands — CLINT (liquid chillers, heat pumps, roof top and fan coil units), KTK KLIMATECHNIK (process cooling and industrial air conditioning), NOVAIR (air handling and ventilation), and MONTAIR (precision cooling for data centres and technical environments) — plus the THERMICA residential/small commercial heat pump range co-developed with Fujitsu General. Products span cooling capacities from 6 kW residential heat pumps up to 2,470 kW MaxiPower screw compressor chillers, with technology differentiation concentrated in low-GWP refrigerants (R452B, R454B, HFO-R1234ze), DC inverter and EC fan efficiency, and in-house Climatic Chamber validation.
Revenue is generated primarily through B2B hardware sales of capital HVAC equipment, complemented by pre- and post-sale services including system design, unit selection, start-up support, and ongoing technical service. Pricing is quote-based and not publicly disclosed. Distribution combines direct sales via 30 sales agencies and 45 technical support centers in Italy with international distribution through four commercial offices (Italy, Russia, UAE, Malaysia) managing 70+ distributors across 70+ markets, plus an OEM channel through BDR Thermea Group's BAXI brand in Italy, Spain, and Portugal since 2020. Customer segments span commercial buildings (hotels, hospitals, offices, schools, retail), industrial process cooling (pharmaceuticals, food and beverage, energy, metals), precision cooling for data centres and telecom, and public infrastructure projects including the MOSE Venice flood barrier.
In September 2023, BDR Thermea Group acquired a 25% minority stake and completed the full 100% acquisition of G.I. Holding on 21 July 2026, transitioning the company to a wholly-owned subsidiary of BDR Thermea while retaining the CLINT, KTK KLIMATECHNIK, NOVAIR, and MONTAIR brands as distinct entities with continued R&D investment.
G.I. Holding firmographics
Firmographics- Name
- G.I. Holding
- Legal name
- G.I. Industrial Holding S.p.A.
- Website
- https://giholding.it
- Company type
- Private
- Founded year
- 1979
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- G.I. Holding is an Italian HVAC and process cooling manufacturer operating four brands (CLINT, KTK, NOVAIR, MONTAIR) across five plants in Italy, Hungary, and Malaysia, selling capital cooling equipment to commercial, industrial, and data centre customers in 70+ markets, now wholly owned by BDR Thermea Group since July 2026.
- Ownership category
- akta.pro rank
G.I. Holding industry classification
Industry- Product category
- Commercial HVAC Equipment
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Industrial & Commercial Fans & Blowers & Air Purifing Equip (3564)
- akta.pro primary industry
- HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
- akta.pro secondary industry
- Chillers & Cooling Plant Equipment (IMAHAKAE)
Keywords
Where G.I. Holding is headquartered
LocationHeadquarters
- HQ city
- Latisana
- HQ country
- Italy
- HQ region
- Europe
Offices6 records
Markets served
G.I. Holding business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- HVAC Equipment Sales: Sale of heating, ventilation, and air conditioning equipment including liquid chillers, heat pumps, air handling units, rooftop packaged units, and fan coil units under CLINT, KTK KLIMATECHNIK, NOVAIR, and MONTAIR brands
- Pre and Post-Sales Services: Comprehensive pre and post-sale services including customized system design, unit selection, start-up support, and technical support through 30 sales agencies and 45 technical support centers in Italy
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
G.I. Holding product offering
Product offeringCore offering
G.I. Holding designs, manufactures, and distributes HVAC, industrial process cooling, precision cooling, and air handling equipment for commercial, industrial, and technical environments. Its portfolio spans liquid chillers (50–2,470 kW), heat pumps, close control units, packaged roof top units, fan coil units, and air handling units, sold under the CLINT, KTK KLIMATECHNIK, NOVAIR, and MONTAIR brands across more than 70 markets.
Product overview
G.I. Holding is a manufacturer of HVAC (Heating, Ventilation, and Air Conditioning) solutions for commercial and industrial applications, operating as a multi-brand portfolio company. The product portfolio is organized around four main brands: CLINT (Liquid Chillers, Heat Pumps, Roof Top units, Fan Coil Units), KTK KLIMATECHNIK (Process Cooling), NOVAIR (Air Handling Units and Air Quality), and MONTAIR (Precision Cooling for Data Centers). Products span liquid chillers, heat pumps, close control units, packaged roof top units, fan coil units, and air handling units. The company offers low-GWP refrigerant solutions using R452B, R454B, and HFO-R1234ze refrigerants, positioning itself as an innovator in environmentally sustainable HVAC technology. G.I. Holding operates manufacturing plants in Italy and Hungary and serves markets across Europe, Middle East, and Asia Pacific.
Differentiator
Problem solved
Functional benefit
Brands
- CLINT: Focused on Liquid Chillers, Heat Pumps, Roof Top and Fan Coil Units, operating internationally with a large production and sales network. 25 years of experience.
- KTK KLIMATECHNIK
- NOVAIR
- MONTAIR
- THERMICA
Products and services
- Liquid Chillers Cooling units available in air-cooled and water-cooled configurations, covering capacities from 50 to 1,220 kW with R452B refrigerant and up to 2,470 kW in the MaxiPower screw compressor family, for commercial and industrial cooling applications.
- Heat Pumps Reversible heating and cooling units including the THERMICA range (6–10 kW) for residential and commercial use and larger commercial/industrial heat pumps up to 1,220 kW, featuring DC Inverter technology, EC fans, and high energy efficiency.
- Close Control Units Precision air conditioning units designed for technical applications such as data centres, server rooms, laboratories, and telecommunication plants, providing full climatic control with reliability and energy-saving features under the MONTAIR brand.
- Packaged Roof Top Units
Quantifiable outcome
- 65% lower global warming impact with R452B refrigerant (GWP 676 vs R410A GWP 1,924)
- +4 more outcomes
Companies that use G.I. Holding
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
G.I. Holding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
G.I. Holding partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- BDR Thermea GroupcoreBDR Thermea completed 100% acquisition of G.I. Holding in July 2026, bringing CLINT, KTK, NOVAIR and MONTAIR brands into BDR Thermea's portfolio. This follows a 25% minority stake acquired in 2023. The acquisition strengthens BDR Thermea's commercial HVAC capabilities and supports their 2030 growth strategy. G.I. Holding brands will remain distinct with continued R&D investment.
- BDR Thermea GroupcoreBDR Thermea Group acquired a 25% minority stake in G.I. Holding in September 2023. Strategic partnership enables BDR Thermea to expand offering of commercial, industrial and multi-dwelling residential heating and cooling solutions. Companies collaborate in R&D to expand portfolio of energy transition solutions.
- Fujitsu GeneralmajorTHERMICA heat pumps (6-10 kW with hot water production up to 55°C) are outcome of partnership with Fujitsu General, fitted with DC Inverter compressor series, EC fans and integrated hydronic kit.
- Fujitsu General LimitedmajorSince 2017, G.I. Holding has had strategic collaboration with Fujitsu General Limited for development of specific product ranges for air conditioning of residential and commercial buildings. This partnership produced the THERMICA heat pumps range.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
G.I. Holding competitors and assessment
Company assessmentBroad incumbents
- Daikin: Daikin is a global manufacturer of HVAC, heat-pump and refrigeration systems, including commercial and industrial chillers. It is a broad incumbent competing across G.I. Holding's core categories.
- Carrier Global: Carrier Global offers HVAC, heat pumps, chillers, air handling and refrigeration systems across commercial and industrial markets. Its broad portfolio creates substantial product and customer overlap with G.I. Holding.
- Mitsubishi Electric: Mitsubishi Electric supplies HVAC, heat-pump and commercial cooling systems worldwide, including chiller and precision-control products. It overlaps with G.I. Holding's product and customer scope at substantially greater scale.
- Trane Technologies: Trane Technologies provides commercial HVAC, chillers and building climate solutions. It is directly comparable to G.I. Holding's chiller, air-handling and process-cooling offerings, although at much greater scale.
Direct peers
- Aermec: Aermec manufactures chillers, heat pumps, air handling and other HVAC equipment, making it a close Italian and European comparator to G.I. Holding's core product portfolio.
- Systemair: Systemair focuses on ventilation, air handling and HVAC solutions, including data-center and process applications. It is a strong partial competitor to G.I. Holding's NOVAIR air-handling and air-quality portfolio.
- Clivet: Clivet develops air-conditioning, heat-pump, chiller and rooftop systems for commercial and residential applications. Its product scope and European footprint directly overlap with G.I. Holding's HVAC systems.
- Galletti: Galletti specializes in chillers, heat pumps, air handling and fan coils, closely matching G.I. Holding's combination of HVAC and air-treatment products. It is a particularly relevant Italian peer for G.I. Holding's multi-brand structure.
- Vertiv: Vertiv supplies thermal management and cooling infrastructure for data centers, telecom and other critical facilities. It is directly comparable to MONTAIR's precision-cooling and technical-room applications.
Emerging players
- Munters: Munters provides climate control, air treatment and process-cooling systems for industrial and data-center environments. It has meaningful overlap with G.I. Holding's precision, process and air-treatment offerings, but with a more specialized portfolio.
Market position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
G.I. Holding social profiles
Digital presenceG.I. Holding compliance and trust
Trust signalCompliance3 records
G.I. Holding financial estimates
Financial estimateRevenue estimate
Valuation estimate
G.I. Holding leadership team
Management profileNumber of profiles
Profiles1 record
G.I. Holding subsidiaries and ownership
Company hierarchySubsidiaries3 records
G.I. Holding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
G.I. Holding M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about G.I. Holding
What does G.I. Holding do?
G.I. Holding designs, manufactures, and distributes HVAC, industrial process cooling, precision cooling, and air handling equipment for commercial, industrial, and technical environments. Its portfolio spans liquid chillers (50–2,470 kW), heat pumps, close control units, packaged roof top units, fan coil units, and air handling units, sold under the CLINT, KTK KLIMATECHNIK, NOVAIR, and MONTAIR brands across more than 70 markets.
Is G.I. Holding a public or private company?
G.I. Holding is a private company. It is classified as corporate owned and is currently acquired.
When was G.I. Holding founded?
G.I. Holding was founded in 1979. It employs 1 to 10 people.
Where is G.I. Holding based?
G.I. Holding is headquartered in Latisana, Italy, in the Europe region.
How does G.I. Holding make money?
Two revenue lines are on record. HVAC Equipment Sales are the primary driver. The others are pre and Post-Sales Services.
Who are G.I. Holding's main competitors?
Broad incumbents on record are Daikin, Carrier Global, Mitsubishi Electric and Trane Technologies. Direct peers are Aermec, Systemair, Clivet, Galletti and Vertiv. Munters is listed as an emerging player.
Does G.I. Holding have an API?
No public API is recorded for G.I. Holding.
What industry is G.I. Holding in?
G.I. Holding's product category is Commercial HVAC Equipment. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling), with a secondary code of IMAHAKAE, Chillers & Cooling Plant Equipment. Its NAICS code is 333415 and its SIC code is 3585.