# Nibe acquires 70% stake in Hemi Heating AB

Nibe agreed to acquire 70% of the outstanding shares in Hemi Heating AB, a Swedish producer of heating jackets, tents, cables, and fans, with an option to buy the remaining 30%. Hemi Heating has 36 employees and annual revenue of about SEK 20 million.

- Type: Acquisition
- Announced: 2018-03-07
- Where: Södertälje, Sweden, Sweden
- Jobs: 60
- Status: announced
- Products: heating jackets, heating tents, heating cables, heating fans, temperature control products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Alfa Laval](https://endata.com/companies/306.md)
- [NIBE](https://endata.com/companies/6180.md) (acquirer)
- [Hemi Heating AB](https://endata.com/companies/30520.md) (target)

## Sources

- [evertiq.se](https://evertiq.se/news/35073), 2018-03-07: "Nibe har kommit överens om att förvärva 70 procent av de utestående aktierna i Hemi Heating AB, med möjlighet att senare förvärva de resterande 30 procenten."
- [alfalaval.com](https://www.alfalaval.com/media/news/investors/2018/alfa-laval-has-signed-an-agreement-to-sell-parts-of-the-greenhouse-business-to-nibe/), 2018-03-27: "Alfa Laval has signed an agreement to sell its heat exchanger systems business, currently part of the Greenhouse division, to the NIBE 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.