Termotech, based outside
- “This acquisition adds to our product portfolio in measurement and control and gives us an additional bridgehead in the crucial Italian market,” says Gerteric Lindquist, CEO of
NIBE Industrier AB . - “We also believe that Termotech’s leadership, which will continue to include its joint owner, will be an asset with its knowledge and experience and will contribute to geographically and technically expanding NIBE Element’s business within measurement and control.”
The company will be part of the NIBE Element business area and consolidation with NIBE will be from
For more information: Gerteric Lindquist, CEO and
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About NIBE Industrier
NIBE – a global Group with companies and a presence worldwide
From its beginnings in the Småland city of Markaryd nearly 70 years ago, NIBE has grown into an international company with 17,300 (16,900) employees and a global presence. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for responsible business operation. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over
NIBE has been listed under the name
Attachment
- GB-PM-Termotech200702
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