Among the many well-known brands in the acquired group, the most well-known is CTC. The acquired group offers a wide range of geothermal and air/water heat pumps, solar energy and biofuel products, as well as traditional oil and gas burners. The acquired group has around 460 employees and sales amounted to GBP 72.7 million. The acquisition includes operations in six European countries and will be part of the NIBE Climate Solutions business area. The acquisition was subject to approval from antitrust authorities in Sweden and Germany.
Delphi advised in the competition assessment through partners Anders Jemail and Elisabeth Eklund. Niklas Strand, RBB Economics, assisted with competition economic analysis.