NIBE acquires 45% stake in Rhoss with option for remaining 55%

NIBE Industrier AB entered into a definitive agreement to acquire a 45% stake in Rhoss, with an option to acquire the remaining 55%. Rhoss is an Italian manufacturer of HVACR products, and the acquisition supports NIBE's strategy in heat pump technology.

“On 23 November 2017, NIBE entered into a definitive agreement to acquire a 45% stake in Rhoss, with an option to acquire the remaining 55%.”dcadvisory.com

• 2 sources
• dcadvisory.comDC Advisory advised NIBE on the acquisition of Rhoss – DC AdvisoryNov 23, 2017
• nibegroup.comNIBE acquires 45% of shares in Italian ventilation and air conditioning company Rhoss S.p.A. - NIBE Group – an international groupNov 23, 2017

Summarized from public sources; check the original articles before acting on it.