NIBE to acquire WaterFurnace in $378m deal

Swedish heat pump manufacturer NIBE announced it will acquire US geothermal heat pump company WaterFurnace for $378m, intending to develop it as a growth platform in North America. WaterFurnace will continue operating as a separate entity under CEO Tom Huntington.

“SWEDEN: Heat pump manufacturer NIBE is to acquire US geothermal heat pump heating and cooling solutions company WaterFurnace in a $378m deal.”

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