representative work

NIBE Completes First Tranche of its Acquisition of Tempeff North America Ltd.


On June 7, 2017, NIBE Industrier AB publ., a publicly listed company on the NASDAQ OMX Stockholm Exchange, completed the first tranche of its acquisition of Tempeff North America Ltd., a Canadian based leader in developing, manufacturing, marketing and sale of HVAC systems.

The first tranche of the acquisition was for 65% of the issued and outstanding shares of Tempeff, with an option to purchase the remaining 35% in due course.

Cassels acted as Canadian counsel to NIBE with a team composed of Jennifer Traub, Luke Woolford, Aly Somani (Business), Jed Blackburn, Caitlin Russell (Employment), Ardy Mohajer (Real Estate), Andrew Reback, Tera Li (Tax) and Chandimal Nicholas (Intellectual Property).