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Heat pump manufacturer CTC acquired the adjacent property at its headquarters in Ljungby, doubling production space. The property includes 19,000 sqm for production and warehouse, and 4,000 sqm for offices.
NIBE Industrier AB acquired the main parts of Enertech Group, including Enertech Limited and brands Nu-way and CTC, after receiving approval from the Swedish Competition Authority. The acquired group has about 460 employees and 2015 sales of GBP 72.7 million.
NIBE Industrier acquired 50% of the shares in heat pump company CGC Group of Companies, which has a manufacturing facility in Fergus, Ontario, with an option to buy the rest by spring 2022. The purchase price was not disclosed.