# Soler & Palau acquires minority stake in ETS NORD

Soler & Palau Ventilation Group has acquired a minority stake in Estonian company ETS NORD, with plans to acquire a majority stake by 2028. The investment will be used for product development and new technologies.

- Type: Acquisition
- Announced: 2024-07-18
- Where: Estonia
- Status: announced
- Products: ventilation products, heating and ventilation products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [ETS NORD](https://endata.com/companies/33511.md) (target)
- [Soler & Palau Ventilation Group](https://endata.com/companies/78738.md) (acquirer)

## Sources

- [etsnord.fi](https://www.etsnord.fi/uutiset/soler-palau-ostaa-vahemmistoosuuden-ets-nordista/), 2024-07-22: "Tämä uusi sijoittaja antaa meille mahdollisuuden laajentaa tuotevalikoimaamme S&P:n verkoston kautta uusille markkinoille, erityisesti Euroopassa sekä Lähi-idässä ja Aasiassa."

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