# NIBE acquires 51% of Dutch heat pump distributor Nathan Holding

NIBE Industrier agreed to acquire 51% of Nathan Holding B.V., a Benelux distributor of heating and cooling solutions based in Zevenaar, with the remaining shares to follow in two stages. Annual sales are about EUR 50 million; the price was not disclosed.

- Type: Acquisition
- Announced: 2020-02-11
- Where: Zevenaar, Netherlands
- Status: announced
- Products: heat pumps, heating solutions, 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

- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2020---news-acquisitions-other/2020-02-11-nibe-acquires-dutch-company-nathan-holding-b.v.), 2020-02-11: "NIBE Industrier AB has signed an agreement to acquire 51% of the shares in Dutch company Nathan Holding B.V."

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