Gaining strategic Iberian market position in pellet and wood heating
NIBE Group, the listed Swedish developer and manufacturer of intelligent and energy-efficient indoor comfort solutions, has acquired Portugal-based Solzaima, a leading developer and manufacturer of pellet- and wood-fired products for primary and secondary heating, from Portuguese private equity firm HCapital Partners.
Founded in Sweden in 1952, NIBE has grown into a global group with 21,000 employees and a worldwide 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.
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 in 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, SWEDEN
Oaklins’ global reach facilitated this transaction
Oaklins’ Portuguese and Swedish teams proactively sourced the opportunity and acted as NIBE Group’s financial advisors throughout the acquisition process.
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