# Argos acquires majority stake in Norline AG

Argos has reached an agreement to become majority shareholder of Norline AG, a Swiss outsourcing partner for building technology installers specializing in sustainable heating systems. Norline has over CHF 70 million in sales and more than 200 employees.

- Type: Acquisition
- Announced: 2023-02-10
- Where: Switzerland
- Status: announced
- Products: heat pump installation services, sustainable heating systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Argos](https://endata.com/companies/47987.md) (acquirer)
- [Norline AG](https://endata.com/companies/68485.md) (target)

## Sources

- [argos.fund](https://argos.fund/argos-wityu-to-acquire-norline/), 2023-02-10: "Argos has reached an agreement with the shareholders of Norline AG to become majority shareholder."

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