NIBE Industrier AB (publ) (OM:NIBE B) acquired 70% stake in LS Control A/S on November 17, 2023. NIBE Industrier AB (publ) (OM:NIBE B) will acquire remaining 30% of the shares of LS Control A/S in two stages by 2028 at the latest. LS Control has annual sales of approximately DKK 100 million for the year ended 2022. The local management will continue to lead the LS Control. LS Control will become part of the NIBE Element business area and will be consolidated with NIBE from December 1, 2023.

NIBE Industrier AB (publ) (OM:NIBE B) completed the acquisition of 70% stake in LS Control A/S on November 17, 2023.