Delphi advisor to NIBE in the acquisition of English Heat Trace Holdings Ltd

Delphi has advised NIBE Industrier AB (publ) in connection with their acquisition of 100% of the shares in the English heating cable company Heat Trace Holdings Ltd. The company will be part of the NIBE Element business area.

NIBE Industrier AB develops, manufactures and markets a wide range of sustainable and efficient energy solutions for indoor comfort as well as components and solutions for smart heating within the industry and infrastructure sector.

Heat Trace, founded in 1974, develops, manufactures and markets electric heating cables for use in many industries. The business has operations in Helsby, east of Liverpool, and in Stockport, south of Manchester.

Delphi’s team consisted of Per-Ivar Svensson and Terese Leire.