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LG Electronics has signed an agreement to acquire a 100 percent stake in OSO, a European provider of water heating solutions, to strengthen its HVAC portfolio.
OSO Hotwater Group has acquired OM BE Plast, a Norwegian plastic injection molding company. OSO Hotwater plans to invest approximately 20 million NOK in new machinery and equipment, and build a new production/storage facility of about 1,800 m², expected to be completed in spring 2024.