M&A Deal Summary

NIBE Acquires Heatron

On March 1, 2016, NIBE acquired electrical equipment company Heatron

Acquisition Highlights
  • This is NIBE’s 5th transaction in the Electrical Equipment sector.
  • This is NIBE’s 2nd transaction in the United States.
  • This is NIBE’s 1st transaction in Kansas.

M&A Deal Summary
Date 2016-03-01
Target Heatron
Sector Electrical Equipment
Buyer(s) NIBE
Deal Type Add-on Acquisition

Target

Heatron

Leavenworth, Kansas, United States
Heatron, Inc. is a highly engineered specialty heating elements and components for a wide range of applications. Heatron offers its customers complete thermal management solutions from initial concept, design and testing to complex manufacturing based on heating technologies which include, flexible, cartridge and specialty heaters as well as thick film.

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Buyer(S) 1

Buyer

NIBE

Markaryd, Sweden
Category Company
Founded 1949
Sector Electrical Equipment
Employees22,500
Revenue 46.6B SEK (2023)
DESCRIPTION

NIBE is an international heating technology company. Operations are conducted within three business areas – NIBE Energy Systems, NIBE Element and NIBE Stoves – all of which work according to a single vision of creating world-class solutions in sustainable energy. NIBE was founded in 1949 and is based in Markaryd, Sweden.

DEAL STATS #
Overall 5 of 7
Sector (Electrical Equipment) 5 of 6
Type (Add-on Acquisition) 3 of 4
State (Kansas) 1 of 1
Country (United States) 2 of 3
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Akvaterm Oy

Kokkola, Finland

Akvaterm Oy is a manufacturer of accumulator tanks as well as cold storage tanks and special tanks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 The Climate Control Group

Oklahoma City, Pennsylvania, United States

The Climate Control Group, Inc. is a manufacturer of HVAC solutions for commercial and residential applications.

Buy $364M
Mergr

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