WaterFurnace Renewable Energy Inc. recently announced it had entered into an agreement to acquire the assets and technology of Chillit Chillers, manufacturer of specialty chillers and geothermal heat pumps for large commercial and industrial applications.

Chillit Chillers, which has seen increasing sales since its establishment in 2009, has expertise in the development of controls, building automation, and remote monitoring software that work together to optimize equipment performance.

“The acquisition of Chillit fits well into our long-term commercial strategy and strengthens our position in that market,” Herb Batrouny, senior vice president, WaterFurnace, said. “Chillit not only expands our product line to 500 tons, but also provides us with new technologies and access into adjacent markets.”

While determining the best way to maximize operating efficiencies, WaterFurnace plans to continue Chillit’s operations from its facility in Goshen, Ind.