# 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.

- Type: Acquisition
- Announced: 2021-08-26
- Where: Newton Aycliffe, northern England, United Kingdom
- Status: announced
- Products: heat pumps, installation equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [Go Geothermal](https://endata.com/companies/8316.md) (target)

## Sources

- [nibe.com](https://www.nibe.com/investors/pm-news-acquisitions-other/2021---news-acquisitions-other/2021-08-26-nibe-acquires-english-go-geothermal), 2021-08-26: "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."
- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2021---news-acquisitions-other/2021-08-26-nibe-acquires-english-go-geothermal), 2021-08-26: "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."

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