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The latest announcement is out from NIBE Industrier AB ( ($SE:NIBE.B) ).
NIBE Industrier AB has acquired a 70% stake in Selmo S.r.l., an Italian manufacturer of thermostats and electronic control devices for electrical heating, with plans to acquire the remaining shares by 2028. This acquisition, which will integrate Selmo into NIBE’s Element business area, aims to strengthen NIBE’s offerings in electrical heating components and systems, with Selmo’s local management team continuing to lead the company. The acquisition is expected to enhance NIBE’s industry positioning, although it constitutes a small part of the NIBE Group.
The most recent analyst rating on ($SE:NIBE.B) stock is a Hold with a SEK40.00 price target. To see the full list of analyst forecasts on NIBE Industrier AB stock, see the SE:NIBE.B Stock Forecast page.
More about NIBE Industrier AB
NIBE Group is an international company focused on reducing carbon footprints and enhancing energy utilization through its three business areas: Climate Solutions, Element, and Stoves. The company develops, manufactures, and markets environmentally friendly solutions for indoor climate comfort and energy-efficient components for heating and control in industry and infrastructure. Founded in Markaryd, Sweden, over 70 years ago, NIBE has grown into a global entity with a strong culture of entrepreneurship and corporate responsibility, driven by sustainable product development and strategic acquisitions.
YTD Price Performance: -13.59%
Average Trading Volume: 6,150,411
Technical Sentiment Signal: Sell
Current Market Cap: SEK74.82B
See more data about NIBE.B stock on TipRanks’ Stock Analysis page.