NIBE Industrier completed the acquisition of a 51% stake in EMIN Group.

NIBE Industrier, a Swedish public group, completed the acquisition of a 51% stake in EMIN Group, a Turkish manufacturing company. Financial terms were not disclosed. “The acquisition of EMIN further complements our range of components and solutions for the all-important HVAC sector. It also gives us access to additional interesting countries for low-cost production in Turkey and Serbia. In the long term, these countries are also interesting local markets,” Gerteric Lindquist, NIBE CEO.