NIBE acquires 50% stake in Turkish HVAC group ÜNTES

NIBE Industrier AB acquired 50% of the shares in ÜNTES, a Turkish manufacturer of ventilation and air conditioning equipment, with an agreement to acquire the remaining 50% by 2024. The transaction requires approval from the Turkish Competition Authority.

“NIBE Industrier AB has acquired 50% of the shares in the ÜNTES group of companies, which is based in Ankara, Turkey.”nibegroup.com

• 1 source
• nibegroup.comPressrelease, NIBE acquires 50% of ÜNTES - NIBE Group – an international groupNov 12, 2019

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