Helvetica Capital to acquire a 26% stake in Schulthess Maschinen from NIBE Group.

Helvetica Capital, an investment company, agreed to acquire a 26% stake in Schulthess Maschinen, a washing machines manufacturer from NIBE Group, an energy-efficient indoor comfort solutions provider. Financial terms were not disclosed. „The divestment is entirely in line with what we made clear at the time of acquisition; that although neither washing machines nor tumble dryers are part of our core activities, we would continue to act as a responsible long-term owner until we could find another ownership structure with similar business principles to our own, to ensure the company’s long-term development,” Gerteric Lindquist, NIBE Group CEO.