NIBE agrees to acquire 50% of UK heat pump distributor Go Geothermal

NIBE Industrier signed an agreement to acquire 50% of Go Geothermal Ltd, a UK heat pump distributor based in Newton Aycliffe, with the remaining shares to follow within five years. The purchase price was not disclosed.

“NIBE Industrier AB has signed an agreement to acquire 50% of the shares in English company Go Geothermal Ltd and the remaining shares within a five-year period.”nibe.com

• 2 sources
• nibe.comNIBE acquires English Go GeothermalAug 26, 2021
• nibegroup.comNIBE acquires English Go Geothermal - NIBE Group EnergyefficencyAug 26, 2021

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