NIBE to develop WaterFurnace as North American growth platform

Following the acquisition, WaterFurnace will continue as a separate entity within NIBE Energy Systems, which NIBE intends to develop as a growth platform in North America.

“WaterFurnace will continue to operate as a separate entity under the leadership of Huntington and his management team, forming part of NIBE Energy Systems. NIBE intends to develop the business as a growth platform in North America.”

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.