NIBE acquires the Italian company Termotech

NIBE Industrier AB has signed an agreement to acquire 87.5% of the shares in Italian company Termotech S.R.L. and the remaining shares within a five-year period.

Termotech, based outside Milano, Italy, was established already in 1990. The company designs, manufacturers and markets electrical temperature measurement devices such as thermocouples and resistance thermometers for many different industries. Sales in 2019 amounted to about SEK 50 million with an operating margin well above 10%. Termotech has 23 employees.

For more information about the company see