NIBE acquires 50% of Canadian heat pump maker CGC Group

NIBE Industrier acquired 50% of the shares in heat pump company CGC Group of Companies, which has a manufacturing facility in Fergus, Ontario, with an option to buy the rest by spring 2022. The purchase price was not disclosed.

“NIBE Industrier AB has acquired 50% of the shares in heat pump company CGC Group of Companies Inc. in Ontario, Canada.”nibegroup.com

• 1 source
• nibegroup.comPressrelease NIBE acquires CGC - NIBE Group – an international groupFeb 13, 2017

Summarized from public sources; check the original articles before acting on it.