NIBE Industrier to acquire WaterFurnace in $352M deal

Swedish heat pump manufacturer NIBE Industrier announced it will acquire Fort Wayne-based WaterFurnace Renewable Energy in a $352 million transaction pending shareholder vote, positioning NIBE as a geothermal leader in North America and Europe.

“NIBE will acquire WaterFurnace](https://www.achrnews.com/articles/126954-nibe-to-acquire-waterfurnace) in a $352 million transaction to be finalized in August, pending the outcome of an official vote by WaterFurnace shareholders.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.