Delphi advisor to NIBE in the acquisition of Dutch Group Climate for life

Delphi has advised NIBE Industrier AB (publ) in connection with their acquisition of 100% of the shares in the Dutch Group Climate for life (CFL) from its current shareholders including majority shareholder Parcom and its co-investor Smile Invest. The company will be part of the NIBE Climate Solutions business area.

NIBE Group is a global organisation that contributes to a lower carbon footprint and better utilisation of energy. In our three business areas – Climate Solutions, Element and Stoves – we develop, manufacture and market a wide range of eco-friendly, energy-efficient solutions for indoor climate comfort in all types of properties, plus components and solutions for intelligent heating and control in industry and infrastructure. NIBE has been listed under the name NIBE Industrier AB on the Nasdaq Nordic Large Cap list since 1997, with a secondary listing on the SIX Swiss Exchange since 2011.

CFL is a successful developer, producer and seller of energy-efficient solutions in the areas of heating and cooling, hot water, ventilation and control technology (HVAC). CFL operates through its subsidiaries Itho Daalderop, Klimaatgarant and Exploitatie and is active in the Netherlands and Belgium. In 2022, the business had annual sales of EUR 221 million (approximately SEK 2,580 million) with an EBITDA of EUR 40 million corresponding to an EBITDA-margin of 18.1%.

Delphi’s team consisted of Kent Sangmyr, Terese Leire, Julia Ragneklint, Emelie Zulfijaj and Anders Jemail.