Delphi has been legal advisor to NIBE Industrier AB (publ) in connection with its acquisition of 60 % of the shares in the American company BriskHeat Corporation. BriskHeat is the world´s largest cloth heating jacket manufacturer, providing flexible surface heating elements, controls and accessories for a variety of end markets, mainly for the semiconductor industry, but also for the composite, petrochemical, plastics and consumer product industries.
BriskHeat will continue to run its operations and support its global customer base from its Columbus, Ohio and Vietnam production locations as well as from its sales and warehouse facilities in Taiwan, China and the Netherlands. BriskHeat has about 650 employees, annual sales of $39 MUSD and an operating margin above 15%.
Delphi advised NIBE through the responsible partner Per-Ivar Svensson and senior associate Micael Karlsson in cooperation with law firms in the USA, China and Vietnam.
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