# NIBE to acquire 50% stake in ÜNTES and its subsidiaries

An agreement was signed between the shareholders of ÜNTES A.Ş., Üntes Rhoss A.Ş. and Üntes VRF A.Ş. and NIBE Industrier AB for the sale of up to 50% of shares. The deal is expected to enter force in early 2020.

- Type: Partnership
- Announced: 2019-12-02
- Where: Turkey, Türkiye
- Status: announced
- Products: air conditioning systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Üntes](https://endata.com/companies/8528.md) (target)
- [Rhoss](https://endata.com/companies/8529.md) (partner)

## Sources

- [en.untes.com.tr](https://en.untes.com.tr/untes/news/respectfully-announced-to-the-public/), 2019-12-02: "An agreement has been signed between the shareholders of ÜNTES A.Ş., Üntes Rhoss A.Ş. and Üntes VRF A.Ş., which are located in Turkey, and NIBE Industrier AB, based in Sweden, and RHOSS S.p.A., the Italian subsidiary of the same company, for the sale of up to 50% of the shares of our aforementioned "

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