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Press release | November 10, 2014

Delphi advisor to Nibe Industrier AB (publ) on the acquisition of the remaining 90 per cent stake in Enertech Global LLC, USA

Delphi has advised Nibe Industrier AB (publ) when the company utilised its call option to acquire the remaining 90% of the interests in the North American heat pump firm Enertech Global LLC. The first 10% of the interests in the company were acquired in November 2011 when Nibe took the first step into the North American heat pump market.

 

Enertech Global LLC was founded in 1996 and now has sales of around USD 33 million (approximately SEK 245 million), with an operating margin of approximately 10%. Enertech’s product portfolio consists mainly of geothermal heat pumps.

For more information, please see Nibe’s press release »

Delphi’s team was led by partner Per-Ivar Svensson assisted by Anders Jemail and Erica Nobel.

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