Having announced in June in this post NIBE’s proposed acquisition of WaterFurnace, we can now confirm that the acquisition has been completed.
Swedish based NIBE is an international heating technology company and is one of the leading heat pump manufacturers in Europe.
WaterFurnace is a leading manufacturer of residential, commercial, industrial and institutional geothermal and water source heat pumps.
WaterFurnace will be consolidated in the NIBE Group with effect from 1 September 2014. It will continue to operate as a separate entity forming part of NIBE’s business area.
Both NIBE and WaterFurnace are manufacturer partners of GeoExchange Australia and we look forward to continuing relationships in working to expand products available to the Australian market.