# NIBE acquires remaining 55% of Rhoss S.p.A.

NIBE Industrier AB acquired the remaining 55% of shares in Italian ventilation and air conditioning company Rhoss S.p.A., making it a wholly owned subsidiary as of January 2019. Rhoss has 300 employees and annual sales of approximately EUR 68 million.

- Type: Acquisition
- Announced: 2018-10-17
- Where: Codroipo, Italy, Italy
- Status: announced
- Products: ventilation equipment, air conditioning equipment
- 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

- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2018---news-acquisitions-other/2018-10-17-nibe-acquires-the-remaining-55-of-shares-in-italian-ventilation-and-air-conditioning-company-rhoss-s.p.a.), 2018-10-17: "With the acquisition of the remaining 55% of the shares in the company, Rhoss will become a wholly owned subsidiary as from January 2019."

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