# NIBE acquires 51% stake in Nathan Holding B.V.

NIBE Industrier AB has signed an agreement to acquire 51% of the shares in Dutch company Nathan Holding B.V., a distributor of sustainable heating and cooling solutions in the Benelux, with annual sales of approximately EUR 50 million.

- Type: Acquisition
- Announced: 2020-04-04
- Where: Zevenaar, Netherlands
- Status: announced
- Products: heat pumps, sustainable heating and cooling solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Nathan Holding](https://endata.com/companies/6099.md) (target)

## Sources

- [m-a-worldwide.com](https://m-a-worldwide.com/nibe-industrier-ab-nathan-holding-2/), 2020-04-04: "Nathan further strengthens our market position in the European heat pump market, especially in the fast-growing market in the Netherlands but also in Belgium and Luxembourg."

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