Brief: Nibe Acquires English Heat Trace Holdings

Nibe Industrier AB

07/05/2021 10:30

May 7 (Reuters) - Nibe Industrier AB  NIBEb.ST :
    * REG-NIBE ACQUIRES ENGLISH HEAT TRACE HOLDINGS LTD
    * REG-NIBE ACQUIRES ENGLISH HEAT TRACE HOLDINGS LTD
    * HAS ACQUIRED 100% OF SHARES IN ENGLISH HEATING CABLE
COMPANY
HEAT TRACE HOLDINGS LTD.
    * HEAT TRACE HAS ANNUAL SALES OF APPROXIMATELY GBP 10
MILLION
(APPROXIMATELY SEK 117 MILLION).
    * PURCHASE PRICE IS NOT SPECIFIED BECAUSE ACQUIRED BUSINESS
WILL
ONLY CONSTITUTE A SMALL PART OF NIBE GROUP
    * HEAT TRACE WILL BE INCLUDED IN NIBE ELEMENT BUSINESS AREA
AND
WILL BE CONSOLIDATED INTO NIBE FROM 1 MAY 2021

Source text for Eikon:  ID:nGNE7nkpS0 
Further company coverage:  NIBEb.ST 

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