NIBE acquires 50% stake in Italian heat pump manufacturer Argoclima

NIBE Industrier AB signed an agreement to acquire 50% of the shares in Argoclima S.p.A., an Italian manufacturer and distributor of heat pumps and air conditioning products, with the remaining stake to be acquired within five years. The acquisition strengthens NIBE's position in the Italian heat pump market.

“The acquisition will give us a significantly stronger position in the rapidly growing Italian market for heat pumps by combining Argoclima's current range under the Argo brand with the entire heat pump range sold under the NIBE brand”nibegroup.com

• 1 source
• nibegroup.comNIBE acquires Italian Argoclima - NIBE Group EnergyefficencyMay 31, 2022

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