Add-on Acquisition • Manufacturing

NIBE Acquires Solzaima

On July 5, 2023, NIBE acquired manufacturer Solzaima from HCapital Partners

Acquisition Context
  • This is NIBE’s 1st transaction in the Manufacturing sector.
  • This is NIBE’s 1st transaction in Portugal.

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M&A Deal Summary

Date July 5, 2023
Target Solzaima
Sector Manufacturing
Buyer(s) NIBE
Sellers(s) HCapital Partners
Deal Type Add-on Acquisition

Target Company

Solzaima

Agueda, Portugal
Solzaima is a manufacturer of biomass-based heating systems, producing wood and pellet stoves, boilers, and central-heating solutions. The company focuses on sustainable, high-efficiency thermal technologies and supplies residential customers across domestic and international markets. Solzaima was founded in 1978 and is based in Agueda, Portugal
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Buyer Overview 1

Buyer

NIBE

Markaryd, Sweden

Category Company
Founded 1949
Sector Electrical Equipment
Employees20,600
Revenue 40.5B SEK (2024)
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 Context for Buyer #
Overall 9 of 9
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 6 of 6
Country: Portugal 1 of 1
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Climate for life

Schiedam, Netherlands

Climate for life provides heating, hot water, ventilation, and control solutions. The company makes it possible to live energy-neutral today in line with the climate demands of tomorrow. Climate for life is based in Schiedam, Netherlands.

Buy -

Seller Profile 1

DESCRIPTION

HCapital Partners is a sector agnostic private equity and venture capital firm focused on investment opportunities in Spain and Portugal. The Firm's private equity group seeks to invest a minimum of €3 million in lower middle-market companies in the form of majority or minority positions. HCapital Partners was formed in 2014 and is based in Lisbon.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Portugal 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Solzaima

Agueda, Portugal

Solzaima is a manufacturer of biomass-based heating systems, producing wood and pellet stoves, boilers, and central-heating solutions. The company focuses on sustainable, high-efficiency thermal technologies and supplies residential customers across domestic and international markets. Solzaima was founded in 1978 and is based in Agueda, Portugal

Buy -