Swedish Company Acquires Remaining 90% Of Enertech

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NIBE Industrier AB, a Swedish firm, has acquired the remaining 90% of the interests in Enertech Global LLC, a geothermal heat pump manufacturer located in Greenville.

NIBE Industrier AB says Enertech will “continue to be run as a separate company by the current management, with their own product development, production and sales operations.”

Steve Smith, President of Enertech Global said the company’s relationship with NIBE began over three years ago and noted their combined strengths have proven to be beneficial to customers and employees.

Enertech was consolidated into the NIBE Group on November 1.