Nordic Business Report-April 28, 2006-NIBE Industrier AB acquires Naturenergi Iwabo AB
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish heating systems supplier NIBE Industrier AB said on Friday (28 April) that it has agreed to acquire biofuel burners manufacturer Naturenergi Iwabo AB.
The purchase price was not disclosed.
Naturenergi Iwabo manufactures small-scale biofuel burners. The company has nine employees and an annual turnover of SEK43m.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to email@example.com))