# Polypipe acquires Nu-Heat for £27 million

Polypipe Group plc acquired Nu-Heat (Holdings) Limited, a supplier of underfloor heating and renewable heating systems, for a total consideration of £27 million on a cash-free, debt-free basis.

- Type: Acquisition
- Announced: 2021-02-02
- Where: United Kingdom
- Value: $37.0M (27.0M GBP)
- Status: completed
- Products: underfloor heating solutions, heat pumps, renewable heating systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Polypipe](https://endata.com/companies/19547.md) (acquirer)
- [Nu-Heat (Holdings) Limited](https://endata.com/companies/52968.md) (target)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/index.php/announcement/rns/genuit-group--gen/acquisition-of-nu-heat-and-trading-update/6234486), 2021-02-02: "Polypipe Group plc is pleased to announce its acquisition of Nu-Heat (Holdings) Limited for a total consideration of £27 million on a cash-free, debt-free basis."

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