NIBE acquires ASKOMA AG of Switzerland

NIBE Industrier AB has through its subsidiary Backer BHV, signed an agreement to acquire ASKOMA AG in Switzerland. ASKOMA will become a part of the Backer group inside the NIBE Element business area.

ASKOMA has operations in Bützberg, Switzerland and Johor Bahru, Malaysia. The company was founded 1967 and has now annual sales of approximately MCHF 7.2 (MSEK 55) with an EBIT-margin above 10%. ASKOMA has 26 employees in Switzerland and 17 employees in Malaysia.

The product assortment consists mainly of components and solutions for heating, control and measurement for the energy market. The company also offers contract manufacturing specifically for the energy market.

 “The acquisition of ASKOMA will further strengthen the position of NIBE Element as a supplier of solutions in sustainable energy“, says Gerteric Lindquist, Group CEO of NIBE Industrier AB.

“The Malaysian part of ASKOMA will also open up for production within the Group in an additional country in Asia besides our existing plants in China. This is very interesting both from a production as well as a market point of view”.

ASKOMA will be consolidated into the NIBE Group as of today´s date.