# NIBE acquires 51% stake in Therm-X of California

NIBE Industrier AB signed an agreement to acquire 51% of the shares in Therm-X of California, Inc., a developer and manufacturer of temperature sensors and heating elements for the semiconductor industry, with an option to buy the remaining 49%.

- Type: Acquisition
- Announced: 2019-10-28
- Where: Hayward, California, United States
- Jobs: 340
- Status: announced
- Products: temperature sensors, heating elements, process control systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Therm-X of California, Inc.](https://endata.com/companies/42932.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/10/28/1936000/0/en/NIBE-acquires-51-of-shares-in-Therm-X-of-California-Inc.html), 2019-10-28: "Therm-X represents another step in our strategy to establish ourselves as one of the leading suppliers to the important semiconductor industry, a major growth market with good demand for high-tech solutions."

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