# 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.

- Type: Acquisition
- Announced: 2017-11-23
- Where: Italy, Italy
- Status: announced
- Products: heat pumps, HVACR products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Rhoss](https://endata.com/companies/8529.md) (target)

## Sources

- [dcadvisory.com](https://www.dcadvisory.com/news-deals-insights/deal-announcements/dc-advisory-advised-nibe-on-the-acquisition-of-rhoss/), 2017-11-23: "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%."
- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2017---news-acquisitions-other/2017-11-23-nibe-acquires-45-of-shares-in-italian-ventilation-and-air-conditioning-company-rhoss-s.p.a.), 2017-11-23: "Rhoss will help us further expand our range of climate control products for larger properties as well as our presence in this interesting 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.