NIBE Group acquisitions

Acquisitions in the Nordic region in each business area

Establishment (E)

NIBE Climate Solutions business area


YearCompanyCountry
1995Vølund VarmeteknikDenmark
1996TMV-PannanSweden
1997Energiprodukter i DiöSweden
1998Lodam EnergyDenmark
1999Haato VaraajatFinland
2004KaukoraFinland
2006Naturenergi IwaboSweden
2009Sol- och EnergiteknikSweden
2010ABK (50%)Norway
2012Akvaterm (70%)Finland
2015Akvaterm (30%)Finland
2016Air-Site (50%)Sweden
2018Alfa Laval’s business for district heating/cooling systemsSweden

2020

VEÅ

Sweden

NIBE Stoves business area

YearCompanyCountry
1980HandölSweden
1994ConturaSweden
2001RoslagsspisenSweden
2005NorthstarNorway
2006Varde OvneDenmark
2008TermaTechDenmark
2010Lotus HeatingDenmark




NIBE Element business area


YearCompanyCountry
1983BackerSweden
1994Backer Oy (E)Finland
1995LovalFinland
1996PyroxNorway
1998Bröderna HåkanssonSweden
1998JEVIDenmark
1998CalescoSweden
2000CoatesNorway
2001NorellsSweden
2001S.A.NielsenDenmark
2003METRO THERMDenmark
2003NETEKDenmark
2003FinholmFinland
2003Danotherm (80%)Denmark
2003TermosNorway
2005K M JensenDenmark
2006Danotherm (20%)Denmark
2007Lübecke RailDenmark
2009BenconFinland
2010Lund & SørensenDenmark
2012StructurgruppenSweden
2012Eltwin GroupDenmark
2014InnotekDenmark
2015IC ElectronicsDenmark




Acquisitions in Europe in each business area

Establishment (E)

NIBE Climate Solutions business area


YearCompanyCountry
1997Energy Systems (E)Poland
2000BiawarPoland
2001Heise SystemtechnikGermany
2003Energietechniek B.V. (E)Netherlands
2006DZDCzech Republic
2006NIBE Energy Systems (E)UK
2007CJSC Evan (25%)Russia
2008KNV EnergietechnikAustria
2008CJSC Evan (26%)Russia
2008Wärmetechnik (E)Switzerland
2009CJSC Evan (24%)Russia
2011CJSC EvanRussia
2011Schulthess Group (98.7%)Switzerland
2012Schultess Group (1.3%)Switzerland
2014TechnibelFrance
2016Enertech GroupUK/Sweden
2017Rhoss S.p.A (45%)Italy
2019Rhoss S.p.A (55%)Italy
2019TIKI GroupSerbia

2019

Üntes

Turkey

2020

Nathan Holding B.V.

Netherlands

2020

Waterkotte GmbH

Germany


Change in ownership


YearCompanyCountry
2019Schulthess Group (51%)Switzerland




NIBE Stoves business area


YearCompanyCountry
2006NIBE Foyers (E)France
2010NIBE Kamini (E)Russia
2013Stovax Heating Group (60%)UK
2015Stovax Heating Group (40%)UK
2018CK fires Ltd (51%)UK


NIBE Element business area


YearCompanyCountry
1994OBR (32%)Poland
1997OBR (68%)external linkPoland
2000FERItaly
2000ETACzech Republic
2000EtopCzech Republic
2003REBAItaly
2003Sinus BobéNetherlands
2003FacsaSpain
2004ShelUK
2006Heatrod ElementUK
2011Thermtec LtdUK
2011Element Div of Electrolux Prof.Switzerland
2014AskomaSwitzerland
2016ATE ElectronicsItaly
2017E.Braude LtdUK
2017HT S.p.A (80%)Italy
2018EMIN Group (51%)Turkey

2019

Rotterdamse Elementen

Netherlands

2020

Elektrotermija

Serbia

2020

Jac. de Vries Gesta

Netherlands

2020

Heatinggroup International B.V.

Netherlands


Acquisitions in North America, Asia and Australia in each business area

Acquisitions and establishments (E)

NIBE Climate Solutions business area


YearCompanyCountry
2011Enertech Global (10%)USA
2014WaterFurnaceUSA
2014Enertech Global (90%)USA
2016Climate Control GroupUSA
2017CGC Group of Companies Inc (50%)Canada
2017Tempeff North America Ltd (65%)USA


NIBE Stoves business area


YearCompanyCountry
2016FPI, Fireplace Products Inc (65%)Canada


NIBE Element business area


YearCompanyCountry
2004Calesco Foil Inc. (E)USA
2008AlpeMexico
2011Element Div of Emerson ElectricUSA
2013Springfield WireUSA
2014Wilson ElementsAustralia
2015Marathon HeaterUSA
2016Heatron Inc.USA
2016Omni Control Technology Inc.USA
2016Hotwatt IncUSA
2017Gaumer Company Inc. (60%)USA
2018BriskHeat Corp. (60%)USA
2019Therm-X of CaliforniaUSA