# NIBE Industrier signs agreement to acquire CFL Holding for €640 million

NIBE Industrier AB signed an agreement to acquire CFL Holding BV, a Dutch HVAC company, for an enterprise value of €640 million. The transaction is expected to close on September 1, 2023.

- Type: Acquisition
- Announced: 2023-06-11
- Where: Tiel, Netherlands
- Value: $700.0M (640.0M EUR)
- Status: announced
- Products: water heaters, heat pumps, ventilation systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [CFL](https://endata.com/companies/36246.md) (target)
- [Climate for Life Holding](https://endata.com/companies/51596.md) (target)
- [Parcom Capital Management](https://endata.com/companies/70772.md) (partner)
- [Smile Invest](https://endata.com/companies/70773.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/NIBE-INDUSTRIER-AB-27811937/news/NIBE-Industrier-AB-OM-NIBE-B-signed-an-agreement-to-acquire-CFL-Holding-BV-from-Parcom-Capital-Man-44099403/), 2023-06-11: "CFL and NIBE are both household names in climate solutions with a strong heritage, similar business values and culture, as well as a long-term commitment to the industry."
- [nibegroup.com](https://www.nibegroup.com/investors/pm-news-acquisitions-other/2023---news-acquisitions-other/2023-06-12-nibe-acquires-dutch-group-climate-for-life-cfl), 2023-06-12: "CFL and NIBE are both household names in climate solutions with a strong heritage, similar business values and culture, as well as a long-term commitment to the industry."
- [siliconcanals.com](https://siliconcanals.com/nibe-industrier-acquires-climate-for-life/), 2023-06-14: "Markaryd, Sweden-based NIBE Industrier AB announced on Monday that it has signed an agreement to acquire 100 per cent of shares in Tiel, the Netherlands-based Climate for Life."

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