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Majority stake Announced Nov 2011 · Closed Nov 2011

NIBE Industrier acquires 10% stake in Enertech Global with option for remainder

Relationship map

Relationship map for NIBE Industrier acquires 10% stake in Enertech Global with option for remainderparent ofNIBE Industrier AB: Operating CompanyNINIBE Industrier ABEnertech Global LLC: Operating CompanyEnertech Global LLC
Operating Company

Parties

Acquirer
NIBE Industrier AB
Operating Company
Target
Enertech Global LLC
Operating Company

Summary

NIBE Industrier AB acquired a 10% share in Enertech Global LLC, a North American geothermal heat pump maker, with an option to acquire the remaining shares in later years, expanding NIBE's North American presence.

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