NIBE Industrier AB (publ) (OM:NIBE B) acquired Elmatic (Cardiff) Limited from Skalitzky family on April 2, 2026.

Following the acquisition, Elmatic will continue to operate with the same management team, ensuring stability for employees, suppliers, and customers while benefiting from NIBE?s broader technological, operational, and international resources. Simon Ellam, Managing Director of Backer Heatrod Ltd and Heat Trace Ltd, will take on a chairman role supporting Elmatic?s leadership team.

Frank Holmes, Cen Thomas and Sean David of Gambit Corporate Finance LLP acted as financial advisors to Elmatic (Cardiff) Limited. Alex Butler, Mina Dimitrova and Henry Bright of Geldards LLP acted as legal advisors to the shareholder of Elmatic (Cardiff) Limited.

NIBE Industrier AB (publ) (OM:NIBE B) completed the acquisition of Elmatic (Cardiff) Limited on April 2, 2026.