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Delphi advisor to NIBE Industrier AB (publ) on its acquisition of CGC Group of Companies Inc.

Delphi has been legal advisor to NIBE Industrier AB (publ) in connection with its acquisition of 50% of the shares in the Canadian heat pump company CGC Group of Companies Inc., with an option to acquire the remaining 50% of the shares no later than spring 2022.

CGC was founded in 1995 and is headquartered in Mississauga, just outside Toronto, with its manufacturing facility in the nearby town of Fergus.

Delphi advised NIBE through the responsible partner Per-Ivar Svensson, Micaela Weije and Therese Jönsson, with assistance from the Canadian law firm Cassels Brock.