# NIBE Industrier acquires 50% stake in Üntes

Swedish NIBE Industrier AB bought 50% of shares of Üntes, a Turkish manufacturer of ventilation and air conditioning equipment, with an agreement to acquire the remaining 50% after 2024.

- Type: Acquisition
- Announced: 2020-02-06
- Where: Ankara, Türkiye
- Status: completed
- Products: ventilation and 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)
- [Üntes](https://endata.com/companies/8528.md) (target)
- [Üntes Isıtma Klima Soğutma Sanayi ve Ticaret A.Ş.](https://endata.com/companies/46505.md) (target)
- [Üntes VRF Klima Sistemleri A.Ş.](https://endata.com/companies/46506.md) (target)
- [Üntes Rhoss A.Ş.](https://endata.com/companies/46507.md) (target)

## Sources

- [hvac-turkey.com](https://www.hvac-turkey.com/news/nibe-industrier-acquires-50-percent-of-shares-in-untes), 2020-02-28: "Swedish NIBE Industrier AB bought 50% of shares of UNTES, which is one of Turkey's leading manufacturer of ventilation and air conditioning equipment for commercial, institutional, and industrial buildings."
- [kfd.com.tr](https://www.kfd.com.tr/kararlar/untes-isitma-klima-sogutma-vrf-sistemleri-rhoss-20-08-74-42), 2020-04-13: "Üntes Isıtma Klima Soğutma Sanayi ve Ticaret A.Ş., Üntes VRF Klima Sistemleri A.Ş., Üntes Rhoss A.Ş. üzerinde NIBE Industrier AB tarafından ara dönemde ortak kontrolün, ara dönem sonrasında ise tek kontrolün tesis edilmesi işlemine izin verilmesi talebi."

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