Megatherm Induction Limited — Important, 27-05-2025: Agreements

Megatherm Induction has announced a board meeting on a JV with Cyprium Induction, LLC to sell and promote Megatherm’s products in North America. Megatherm holds 49.99% and Cyprium 50.01%. The JV targets metal heating, automation, and power distribution equipment, with equal board representation. Cyprium reported a $2.5 million turnover last year. This partnership aims to enhance Megatherm’s US market exports and profitability.