NIBE Industrier AB signed an agreement to acquire 50% of the shares in Argoclima S.p.A. on May 31, 2022. The remaining stake willl be acquired within a five-year period. Argoclima will become part of the NIBE Climate Solutions business area. Consolidation with NIBE will be from 1 June 2022. Argoclima currently has around 200 employees and sales amount to around EUR 100 million.