# NIBE agrees to acquire German heat pump maker WATERKOTTE GmbH

NIBE Industrier signed an agreement to acquire 100% of German heat pump manufacturer WATERKOTTE GmbH, which operates in Herne and Georgsmarienhütte in Germany. The purchase price was not disclosed, and consolidation is expected from 1 April 2020. The announcement was made on 10 March 2020.

- Type: Acquisition
- Announced: 2020-03-10
- Where: Herne near Dortmund, Germany
- Status: announced
- Products: heat pumps, integrated sustainable energy solutions
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [WATERKOTTE GmbH](https://endata.com/companies/6221.md) (target)

## Sources

- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2020---news-acquisitions-other/2020-03-10-nibe-acquires-german-heat-pump-manufacturer-waterkotte-gmbh), 2020-03-10: "NIBE Industrier AB has signed an agreement to acquire 100% of the shares in the German heat pump manufacturer WATERKOTTE GmbH."

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