# NIBE Industrier AB acquires Elmatic

NIBE Industrier AB, a Swedish heating systems manufacturer, has acquired Elmatic, a UK-based manufacturer of industrial electric heating elements. The transaction closed on 2 April 2026.

- Type: Acquisition
- Announced: 2026-04-02
- Where: Cardiff, United Kingdom
- Status: completed
- Products: industrial electric heating elements
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Elmatic](https://endata.com/companies/91675.md) (target)

## Sources

- [thecfigroup.com](https://www.thecfigroup.com/transactions/elmatic-has-been-acquired-by-nibe-industrier-ab/), 2026-05-01: "The move ensures that Elmatic’s 77-year tradition of craftsmanship and specialist manufacturing will continue to thrive, now supported by the resources of a global heating solutions group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.