Delphi Has Assisted NIBE Industrier AB (publ) in Phase II Merger Clearance From the Swedish Competition Authority For Its Acquisition of the Main Parts of the Enertech Group
February, 2017 - Stockholm, Sweden
Delphi has assisted NIBE Industrier AB in the merger filing and the subsequent Phase II investigation as regards the acquisition of the main parts of British-owned Enertech Group, which resulted in that the Swedish Competition Authority on 27 January 2017 decided to clear the concentration since the investigation showed that the merger did not significantly impede effective competition in the market for heating systems.
Among the many well-known brands in the acquired group, the most well-known is CTC. The acquired group offers a wide range of geothermal and air/water heat pumps, solar energy and biofuel products, as well as traditional oil and gas burners. The acquired group has around 460 employees and sales amounted to GBP 72.7 million. The acquisition includes operations in six European countries and will be part of the NIBE Climate Solutions business area. The acquisition was subject to approval from antitrust authorities in Sweden and Germany.
Delphi advised in the competition assessment through partners Anders Jemail and Elisabeth Eklund. Niklas Strand, RBB Economics, assisted with competition economic analysis.
Contact:
Elisabeth Eklund
Partner/Advokat
Delphi
Ph. +46 709 25 26 08
email: [email protected]
