hvacrollups.com
← Deals
Majority stake Announced Nov 2014 Verified

NIBE acquires remaining 90% of Enertech Global

Relationship map

Relationship map for NIBE acquires remaining 90% of Enertech Globalparent ofNIBE: Operating CompanyNINIBEEnertech Global LLC: Operating CompanyEnertech Global LLC
Operating Company

Parties

Acquirer
NIBE
Operating Company
Target
Enertech Global LLC
Operating Company

Market signals

Summary

Swedish heat pump maker NIBE announced it acquired the remaining 90% of North American geothermal heat pump manufacturer Enertech Global, having held a 10% stake since 2011. This follows NIBE's earlier 2014 acquisition of WaterFurnace.

Primary source