Brief: Nibe Acquires German ELMESS-Klöpper Group

Nibe Industrier AB

05/10/2022 06:34

Oct 5 (Reuters) - Nibe Industrier AB  NIBEb.ST :
    * SAID ON TUESDAY NIBE ACQUIRES GERMAN ELMESS-KLÖPPER GROUP
    * ACQUIRES GERMAN ELMESS-KLÖPPER GROUP
    * DEAL FOR PURCHASE PRICE IS NOT SPECIFIED BECAUSE ACQUIRED
BUSINESS WILL ONLY CONSTITUTE A SMALL PART OF NIBE GROUP.
    * ELMESS-KLÖPPER GROUP HAS ANNUAL SALES OF APPROXIMATELY EUR
23
MILLION (APPROX. SEK 250 MILLION) AND 190 EMPLOYEES
    * ELMESS-KLÖPPER GROUP DEVELOPS, MARKETS AND MANUFACTURES
SOLUTIONS FOR BOTH ELECTRICAL PROCESSING HEATING AND SURFACE
HEATING
    * ELMESS-KLÖPPER GROUP WILL BECOME PART OF NIBE ELEMENT
BUSINESS
AREA AND CONSOLIDATED WITH NIBE FROM 1 OCTOBER 2022
    * ACQUIRED 100% OF SHARES OF GERMAN ELMESS-KLÖPPER GROUP A
LEADING
MANUFACTURER IN FIELD OF ELECTRICAL PROCESS HEATING.

Source text for Eikon:  ID:nGNE6LTYLm 
Further company coverage:  NIBEb.ST 
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