NIBE to acquire 100% of WaterFurnace at C$30.60/share

NIBE Industrier entered an agreement to acquire 100 percent of WaterFurnace Renewable Energy shares via a Canadian plan of arrangement at C$30.60 cash per share, a 27 percent premium; NIBE's largest North American transaction to date.

“WaterFurnace Renewable Energy Inc.](http://www.waterfurnace.com/) and [NIBE Industrier AB](http://www.nibe.com/en-gb/) of Sweden announced that they have entered into an agreement whereby NIBE will acquire 100 percent of the outstanding shares of WaterFurnace by way of a plan of arrangement under the Canada Business Corporations Act.”

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