France
Vernet Group, with the slogan "From innovation to solution," boasts a rich history dating back to its inception in 1927 when Calorstat was created by Edgar B. Frank. This legacy has culminated in global success, characterized by a commitment to innovation, passion, high standards, and performance.
Initially renowned as a thermostat manufacturer, Calorstat gained widespread recognition among prominent automobile manufacturers for its unwavering dedication to high quality and performance. The company achieved significant milestones through research and product development, such as the emergence of the temperature regulator for central heating boilers in 1932 and the widespread adoption of the metal-bellows type thermostat in the automobile industry in 1950.
Following Calorstat's acquisition of Vernet in 1962, marked the establishment of Vernet processes, setting the stage for a radical transformation in the 1960s. This pivotal decade witnessed Vernet's dominance in the thermal regulation market, evidenced by the groundbreaking launch of the "wax" thermostatic element in 1965. This innovative product solidified Vernet's differentiation within the industry.
Building upon its expertise, Vernet ventured into new business sectors, designing the first thermostatic elements for heating and plumbing sanitary in 1970, which swiftly became industry benchmarks. The subsequent establishment of its headquarters, the Group's largest site, in Ollainville, Essonne, south of Paris in 1971 marked a significant milestone in the company's evolution.
Vernet Group is a stalwart in the manufacturing industry, with its headquarters based in France. Currently, there is no available information regarding its last investment and associated investors.
