NIBE Industrier AB to acquire heat pump distributor Go Geothermal
On August 26, 2021, NIBE Industrier AB announced that it had entered an agreement to acquire UK-based heating pump company Go Geothermal. The agreement will see NIBE Industrier AB purchasing a 50% stake in Go Geothermal at the moment while over the next five years the company will acquire the rest of the company. NIBE Industrier AB will benefit from this acquisition with the usage of Go Geothermal's experience of distributing and installing heat pumps for its operations in providing heating energy.
ESG|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.