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Delphi advisor to NIBE in the acquisition of the Swedish VEÅ

Delphi has advised NIBE Industrier AB (publ) in connection with their acquisition of 60 percent of the shares in the Swedish company VEÅ AB, including its sister companies and the remaining shares within a four-year period. The company will be part of the NIBE Climate Solutions business area.

NIBE Industrier AB develops, manufactures and markets a wide range of sustainable and efficient energy solutions for indoor comfort as well as components and solutions for smart heating within the industry and infrastructure sector.

VEÅ is headquartered in Sävsjö and was founded in 1936. The company designs, manufactures and markets steam and hot water boilers, pressure vessels and complete installations for industrial use. Sales in 2019 amounted to approximately 80 MSEK.

Delphi’s team consisted of Kent Sangmyr, Terese Liere and Anders Jemail.