Glen Dimplex goes Nordic

GLEN DIMPLEX has acquired for an undisclosed amount a Norwegian heating business which has a turnover of €50 million.

The acquisition of Siemens Electrical Heating AS, the Norwegian electrical heating business of Siemens AG builds on a previous Norwegian acquisition and will give Glen Dimplex a 50% market share in the Nordic countries.

The company would not disclose the amount but a key part of the deal was the right to use the Siemens brand name for the next five years.