Nov. 17, 2014: NIBE Acquires Remaining 90 Percent of Enertech Global
This Follows the Acquisition of WaterFurnace Renewable Energy Earlier This Year
MARKARYD, Sweden — NIBE, which acquired a 10 percent interest in the company in November 2011, announced that it has acquired the remaining 90 percent of North American geothermal heat pump manufacturer Enertech Global LLC.
“For NIBE Energy System’s continued expansion in North America, the acquisition of the remaining interests in Enertech is a logical step after we acquired North American firm WaterFurnace Renewable Energy Inc. earlier this year,” said Gerteric Lindquist, Group CEO of NIBE Industrier AB.