# NIBE acquires majority of Enertech Group

NIBE Industrier AB acquired the main parts of Enertech Group, including Enertech Limited and brands Nu-way and CTC, after receiving approval from the Swedish Competition Authority. The acquired group has about 460 employees and 2015 sales of GBP 72.7 million.

- Type: Acquisition
- Announced: 2017-01-27
- Where: United Kingdom
- Status: completed
- Products: heating and cooling products, boilers, heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Enertech Group](https://endata.com/companies/21767.md) (target)

## Sources

- [nu-way.co.uk](https://www.nu-way.co.uk/nibes-acquisition-of-majority-in-british-owned-enertech-group/), 2017-02-17: "Swedish Competition Authority has today announced its approval of NIBE Industrier AB’s acquisition of the main parts of Enertech 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.