NIBE to acquire WaterFurnace in $352 million transaction

NIBE Industrier AB will acquire WaterFurnace Renewable Energy in a $352 million deal expected to finalize in August pending a WaterFurnace shareholder vote. WaterFurnace keeps its name and becomes part of NIBE Energy Systems, with its Fort Wayne facility becoming NIBE Energy Systems' North American HQ.

“NIBE will acquire WaterFurnace in a $352 million transaction to be finalized in August, pending the outcome of an official vote by WaterFurnace shareholders.”

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