World-class solutions in sustainable energy

NIBE Group  – a global organisation with companies and a presence worldwide

 

NIBE Group is a global organisation that contributes to a smaller 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 property, plus components and solutions for intelligent heating and control in industry and infrastructure. 

 

From its beginning in Markaryd, in the province Småland more than 60 years ago, NIBE has grown into an international company with more than 15,000 employees and a presence worldwide. From the very start, the company was driven by a strong culture of entrepreneurship and a passion for responsible business operation. Its success factors are long-term investments in sustainable product development and strategic acquisitions. Combined, these factors have brought about strong, targeted growth, which generated sales of just over SEK 20 billion. 

 

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.

 

Focus on three core businesses

The wide range of the Group’s products, marketed under many brand names, forms a platform for further expansion with profitability, both internationally and nationally.


 

Christian Backer

NIBE Climate Solutions

Eco-friendly, intelligent and energy-efficient products for climate control, greater indoor climate comfort and hot water.

NIBE Climate Solutions offers a wide range of eco-friendly, intelligent, energy-efficient indoor climate comfort solutions, including heating, air conditioning, heat recovery and hot water for homes, apartment blocks and other large properties.

The climate impact of buildings is dramatically reduced with our products, with no reduction in comfort.

Rune Dahlberg

NIBE NIBE Element

An industrial partner with customised components and intelligent heating and control solutions that are focused on sustainability.

The NIBE Element product range comprises components and solutions for intelligent heating and control designed for both industrial and consumer products.

A common feature of most products is that they enhance energy efficiency, optimise energy consumption and help reduce our carbon footprint.

Rune Dahlberg

NIBE Stoves

Energy-efficient stoves for various heating needs and design requirements.

NIBE Stoves’ product range comprises stoves of various sizes and designs to suit both houses and commercial properties. They are developed to achieve optimum environmental performance with high combustion efficiency and low particulate emissions. 

Increasing the exchange of old stoves for new ones with modern technology quickly has a positive effect on the environment.

Acquisitions

All our acquisitions chronologically distributed geographically.

Timeline for Acquisitions and Establishment (E)

 

Year

Company

Country

Business Area

1980

Handöl

Sweden

Stoves

1983

Backer

Sweden

Element

1994

Backer Oy (E)

Finland

Element

1994

Contura

Sweden

Stoves

1995

Vølund Varmeteknik

Denmark

Climate Solutions

1995

Loval

Finland

Element

1996

TMV-Pannan

Sweden

Climate Solutions

1996

Pyrox

Norway

Element

1997

Energiprodukter i Diö

Sweden

Climate Solutions

1998

Lodam Energy

Denmark

Climate Solutions

1998

Bröderna Håkansson

Sweden

Element

1998

JEVI

Denmark

Element

1998

Calesco

Sweden

Element

1999

Haato Varaajat

Finland

Climate Solutions

2000

Coates

Norway

Element

2001

Norells

Sweden

Element

2001

S.A.Nielsen

Denmark

Element

2001

Roslagsspisen

Sweden

Stoves

2003

METRO THERM

Denmark

Element

2003

NETEK

Denmark

Element

2003

Finholm

Finland

Element

2003

Danotherm (80%)

Denmark

Element

2003

Termos

Norway

Element

2004

Kaukora

Finland

Climate Solutions

2005

Northstar

Norway

Stoves

2005

K M Jensen

Denmark

Element

2006

Naturenergi Iwabo

Sweden

Climate Solutions

2006

Danotherm (20%)

Denmark

Element

2006

Varde Ovne

Denmark

Stoves

2007

Lübecke Rail

Denmark

Element

2008

TermaTech

Denmark

Stoves

2009

Sol- och Energiteknik

Sweden

Climate Solutions

2009

Bencon

Finland

Element

2010

ABK (50%)

Norway

Climate Solutions

2010

Lund & Sørensen

Denmark

Element

2010

Lotus Heating

Denmark

Stoves

2012

Akvaterm (70%)

Finland

Climate Solutions

2012

Structurgruppen

Sweden

Element

2012

Eltwin Group

Denmark

Element

2014

Innotek

Denmark

Element

2015

IC Electronics

Denmark

Element

2015

Akvaterm (30%)

Finland

Climate Solutions

2016

Air-Site (50%)

Sweden

Climate Solutions

2018

Alfa Laval’s business for district heating/cooling systems

Sweden

Climate Solutions


Timeline for Acquisitions and Establishment (E)

 

Year

Company

Country

Business Area

1994

OBR (32%)

Poland

Element

1997

Energy Systems (E)

Poland

Climate Solutions

1997

OBR (68%)external link

Poland

Element

2000

Biawar

Poland

Climate Solutions

2000

FER

Italy

Element

2000

ETA

Czech Republic

Element

2000

Etop

Czech Republic

Element

2001

Heise Systemtechnik

Germany

Climate Solutions

2003

Energietechniek B.V. (E)

Netherlands

Climate Solutions

2003

REBA

Italy

Element

2003

Sinus Bobé

Netherlands

Element

2003

Facsa

Spain

Element

2004

Shel

UK

Element

2006

DZD

Czech Republic

Climate Solutions

2006

NIBE Energy Systems (E)

UK

Climate Solutions

2006

Heatrod Element

UK

Element

2006

NIBE Foyers (E)

France

Stoves

2007

CJSC Evan (25%)

Russia

Climate Solutions

2008

KNV Energietechnik

Austria

Climate Solutions

2008

CJSC Evan (26%)

Russia

Climate Solutions

2008

Wärmetechnik (E)

Switzerland

Climate Solutions

2009

CJSC Evan (24%)

Russia

Climate Solutions

2010

NIBE Kamini (E)

Russia

Stoves

2011

CJSC Evan (25%)

Russia

Climate Solutions

2011

Schulthess Group (98.7%)

Switzerland

Climate Solutions

2011

Thermtec ltd

UK

Element

2011

Element Div of Electrolux Prof

Switzerland

Element

2012

Schultess Group (1.3%)

Switzerland

Climate Solutions

2013

Stovax Heating Group (60%)

UK

Stoves

2014

Technibel

France

Climate Solutions

2014

Askoma

Switzerland

Element

2015

Stovax Heating Group (40%)

UK

Stoves

2016

ATE Electronics

Italy

Element

2016

Enertech Group

UK/Sweden

Climate Solutions

2017

E.Bruade Ltd

UK

Element

2017

HT S.p.A. (80%)

Italy

Element

2017

Rhoss S.p.A. (45%)

Italy

Element

2018

CK Fires Ltd (51%)

UK

Stoves


Timeline for Acquisitions and Establishment (E)

 

Year

Company

Country

Business Area

2004

Calesco Foil Inc (E)

US

Element

2008

Alpe

Mexico

Element

2011

Enertech Global (10%)

US

Climate Solutions

2011

Element Div of Emerson Electric

US

Element

2013

Springfield Wire

US

Element

2014

Wilson Elements

Australia

Element

2014

WaterFurnace

US

Climate Solutions

2014

Enertech Global (90%)

US

Climate Solutions

2015

Marathon Heater

US

Element

2016

Heatron Inc

US

Element

2016

Climate Control Group

US

Climate Solutions

2016

FPI, Fireplace Products Inc (65%)

Canada

Stoves

2016

Hotwatt Inc

USA

Element

2017

CGC Group of Companies Inc (50%)

Canada

Climate Solutions

2017

Tempeff North America Ltd (65%)

USA

Climate Solutions

2017

Gaumer Company Inc (60%)

USA

Element

2017

BriskHeat Corp (60%)

USA

Element


NIBE's history 

Long-term thinking and continuity

 

Clear shared values and long-term ownership are behind the continuity and stability in the Group. Since the beginning in 1949, we have created a global Group with operations and sales on five continents and a good platform for further expansion with profitability.

 

Organic growth forms the basis for expansion

The Group’s growth is based on the development of innovative products.


 

1949

Christian Backer

1949 sees the start of manufacture of a new heating component that could easily be applied in both the home and industry. With a resistance wire in the centre of an empty conduit filled with magnesium oxide, the tubular element is created. 

 

 

1952

Nils Bernerup

In 1952, the manufacture of NIBE’s water heaters starts, in the same year as the Act requiring farmers to have hot water in milking parlours enters into force.

 

 

1965

Rune Dahlberg

In 1965, NIBE sub-contracts to manufacture stoves under the Handöl trademark. Handöl’s entire operations were subsequently acquired. 

 

 

1981

Sven Christensson

In 1981, the very first heat pump from NIBE, Fighter Twin, is premièred at the heating and plumbing show, and manufacture of heat pumps begins in Markaryd.

 

 

1997

Rune Dahlberg

To allow for further expansion and to broaden ownership, NIBE Industrier AB holds a new share issue and the company is listed on the Stockholm stock exchange on 16 June 1997. 

 

 

Committed innovative entrepreneurs form the basis for expansion through organic growth


Committed, innovative founders and managers have been the backbone of NIBE’s stable expansion and solid financial development.

 

1949

Christian Backer

Based on Christian Backer’s patent for tubular elements, Nils Bernerup establishes Backer Elektro-Värme AB in Sösdala, Sweden, to manufacture what came to be called the ‘Backer element’. 

 

 

1952

Nils Bernerup

Nils Bernerup establishes NIBE-Verken AB in Markaryd through the acquisition of Ebe-Verken, with its 3 employees. The initial letters of his first name and surname form the company name, NIBE. 

 

 

1956

Sven Christensson

Sven Christensson, is appointed MD of Backer-Elektro Värme AB in 1956 and over his 25 years with the company it grows into one of Europe’s leading manufacturers of tubular elements.

 

 

1961

Rune Dahlberg

Rune Dahlberg is appointed MD of NIBE-Verken AB. With a strong focus on quality and rational production, he successfully runs the company up to his retirement in 1987.

 

 

1988

Rune Dahlberg

Gerteric Lindquist is appointed to succeed Rune Dahlberg.  With his international experience and passion for business, he lays the foundation for international expansion with good profitability.

 

 

1989

Sven Christensson

The Bernerup family decides to dispose of the two companies Backer Elektro-Värme AB and NIBE-Verken AB. A number of employees and two external investors form NIBE Industrier AB and acquire the companies. Gerteric Lindquist is appointed MD and Group CEO.

 

 

Eventually combined with marketoriented expansion through acquisitions


To allow for further expansion and to broaden ownership, new shares are issued in 1997 and NIBE Industrier AB is listed on the Stockholm stock exchange. Good profits and stock exchange listing create the conditions for an intensive era of acquisitions and development into a global Group.

obal Group.


 


Christian Backer

Acquisitions in the Nordic region

The era of acquisitions begins on the Nordic markets. Around 30 acquisitions in all three business areas are completed in 1997-2010.  

 Some benefits of the acquisitions

  • new technologies
  • new products  
  • new markets
  • new production capacity


Rune Dahlberg

Acquisitions in the rest of Europe

Around 15 acquisitions were completed on the European market in the period up to 2011. The largest acquisition in NIBE’s history to date is made in 2011, when the Group takes over the Swiss listed Schulthess Group AG.

 Another seven European acquisitions and seven smaller additional acquisitions are completed in the period 2012-2016.

 Some benefits of the acquisitions

  • a major European heat pump operator 
  • the market leader for stoves in Europe 


Rune Dahlberg

Acquisitions in North America

Eleven strategically important acquisitions were completed in North America in all three business areas in the years 2011-2016.  

The acquisitions mean

  • a major North American heat pump supplier 
  • that we are the market leader in North America in heat pumps for both – single-family homes and commercial properties
  • that we are one of the world-leading element suppliers  
  • that we have a stable platform in North America for stoves
Rune Dahlberg

Acquisitions in 2017

There continued to be many acquisition discussions in 2017 and a high rate of acquisition, including a further seven acquisitions in North America and Europe.

The acquisitions mean

  • that our industrial element range has been expanded and we have further strengthened our European presence in the industrial element sector
  • that we have taken further steps towards being a leading turnkey supplier of sustainable climate control solutions for both single-family homes and commercial properties 

NIBE – a Global Group with sales
and operations on five continents.

NIBE Industrier AB (publ) Box 14, 285 21 Markaryd · VISITING ADDRESS Hannabadsvägen 5, Markaryd · info@nibe.com · +46 (0)433 27 30 00