Majority stake Closed Apr 2014
Nortek Acquires ABB's HVAC Division for $260M
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Nortek, Inc. acquired the HVAC Division from ABB Ltd on April 30, 2014, for approximately $260 million on a cash and debt-free basis. The HVAC Division designs, manufactures, and markets heating, ventilation, and air conditioning products under the Reznor and AmbiRad brands.