# NIBE acquires 70% of Danish controls manufacturer LS Control

NIBE Industrier AB acquired 70% of the shares in Danish LS Control A/S, a developer and manufacturer of electronic controls for ventilation and heat pump industries. The remaining 30% will be acquired in two steps by 2028.

- Type: Acquisition
- Announced: 2023-11-17
- Where: Herlufmagle, southern Zealand, Denmark
- Status: completed
- Products: electronic controls for ventilation and heat pump systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [NIBE Industrier](https://endata.com/companies/929.md) (acquirer)
- [LS Control](https://endata.com/companies/73871.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/fr/news-release/2023/11/17/2782407/0/sv/NIBE-f%C3%B6rv%C3%A4rvar-danska-LS-Control-A-S.html), 2023-11-17: "Genom förvärvet kompletterar vi vår produktportfölj ytterligare inom styrning och reglering."
- [globenewswire.com](https://www.globenewswire.com/fr/news-release/2023/11/17/2782407/0/sv/nibe-f%c3%b6rv%c3%a4rvar-danska-ls-control-a-s.html), 2023-11-17: "Genom förvärvet kompletterar vi vår produktportfölj ytterligare inom styrning och reglering."

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