# NIBE acquires 65% stake in Canadian ventilation company Tempeff

NIBE Industrier AB acquired 65% of Tempeff North America Ltd, a Canadian manufacturer of high-efficiency heat recovery ventilation products for commercial, institutional and industrial applications, with an option to buy the remaining 35%. Tempeff has about 50 employees and annual sales of over CAD 10 million.

- Type: Acquisition
- Announced: 2017-06-08
- Where: Winnipeg, Manitoba, Canada
- Status: completed
- Products: heat recovery ventilation products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Tempeff North America](https://endata.com/companies/24767.md) (target)

## Sources

- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2017---news-acquisitions-other/2017-06-08-nibe-acquires-65-of-the-shares-in-canadian-ventilation-company-tempeff), 2017-06-08: "With Tempeff, we are expanding our range of products for climate control of large properties and continuing our expansion in the North American market."

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