Go to deals
Private Equity | Construction & Engineering Services | Energy

NIBE has acquired Solzaima

July 2023 — NIBE Industrier AB, a global group that develops and manufactures intelligent, energy-efficient indoor comfort solutions, has acquired Solzaima.

NIBE has eco-friendly, energy-efficient solutions for indoor climate comfort for all types of property. This allows its clients to reduce their energy consumption and their impact on the environment. NIBE also supplies components and solutions for intelligent heating and control for industry and infrastructure. Founded in Sweden nearly 70 years ago, NIBE has grown into a global group with 21,000 employees and a global presence. From the very start, the company has been driven by a strong culture of entrepreneurship and a passion for responsible business operations. Its success factors are long-term investments in sustainable product development and strategic acquisitions.

Solzaima is a leading and innovative company based in Portugal, specializing in the design and manufacturing of high-quality, eco-friendly heating solutions. With a passion for sustainability and environmental consciousness, Solzaima offers a wide range of efficient and stylish wood-burning stoves, fireplaces and pellet stoves.

HCapital Partners is a Portuguese independent firm, fully owned by the management team, focused in the Iberian mid-market. Its purpose is to support companies in their growth and international development processes, as well as in the reorganization of their shareholder structures.

Our role in the transaction

Oaklins’ Portuguese and Swedish teams acted as NIBE Group’s financial advisors throughout the acquisition process.

Parties
“The acquisition of Solzaima enables us to gain a proper foothold in the pellet products market. Since pellet products account for the bulk of the market in Southern Europe, Solzaima will play a significant part in our future expansion. The company’s sales predominantly focus on the Iberian peninsula, which means it also complements us perfectly geographically. Solzaima has a strong management with extensive experience of our industry. It is gratifying that they will retain a share in the company for another five years to continue to develop operations together with us, which is completely in line with our philosophy.”

Gerteric Lindquist

Managing Director and CEO, NIBE Industrier AB

Talk to the deal team

João Beirôco

Managing Partner
Lisbon, Portugal
Oaklins Portugal

Nikolaos Karabelas

Partner
Stockholm, Sweden
Oaklins Sweden

Related deals

Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Private Equity | Consumer & Retail

Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild

Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.

Learn more
ENGIE Énergie Services has sold Majorelle to Isospace
Business Support Services | Construction & Engineering Services | Energy

ENGIE Énergie Services has sold Majorelle to Isospace

Majorelle, a pioneer in space planning in France for 40 years, has been sold to Isospace by ENGIE Énergie Services. The transaction marks a new chapter in Majorelle’s growth, bringing together complementary expertise in workplace design, space planning and fit-out while preserving its brand, teams and market positioning. Together, Majorelle and Isospace generate more than US$45 million in revenue, primarily in the Île-de-France region. The companies operate in a commercial fit-out market undergoing significant transformation, driven by evolving workplace needs, real estate asset repositioning, regulatory requirements and environmental and socioeconomic challenges. Philippe Savajols, president of Isospace and Majorelle, aims to ensure continuity for Majorelle and its teams while developing complementary capabilities and synergies across the group, preserving both companies’ respective cultures, expertise and client relationships.

Learn more
Cibus has acquired Aweta from Standard Investment
Private Equity | Agriculture | Industrial Machinery & Components

Cibus has acquired Aweta from Standard Investment

Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.

Learn more