# NIBE Industrier to acquire 51% of Turkey and Serbia-based EMIN Group

NIBE Industrier AB signed an agreement to acquire 51% of the EMIN Group, a 340-employee maker of fluid coupling systems with operations in Turkey and Serbia, with a call option on a further 29% in 2025. Completion is expected in eight weeks, subject to Turkish competition approval.

- Type: Acquisition
- Announced: 2018-08-20
- Where: Turkey and Serbia, Türkiye
- Status: announced
- Products: coupling systems for fluids
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [EMIN Group](https://endata.com/companies/3749.md) (target)

## Sources

- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2018---news-acquisitions-other/2018-08-20-nibe-acquires-the-emin-group-with-operations-in-turkey-and-serbia), 2018-08-20: "NIBE Industrier AB has signed an agreement to acquire 51% of the EMIN Group with operations in Turkey and Serbia."

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