Lund Elmer Sandager represents Swedish NIBE Industrier AB in the acquisition of LS Control A/S

NIBE Industrier AB, a Swedish listed company, has acquired 70% of the shares in LS Control A/S, a Danish company that develops and sells electronics for control and regulation. The remaining 30% of the shares will be acquired by 2028 at the latest.
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Mergers & Acqui­si­tions

NIBE Group is a global leader in sustainable energy solutions, with three main business areas: Climate Solutions, Element and Stoves. The group develops, manufactures and markets a wide range of eco-friendly, energy-efficient products for indoor climate comfort in all types of property.

LS Control A/S, founded in 1969, has customers in the ventilation and heat pump industry, as well as in medical technology, laboratory equipment and professional catering. The company has annual sales of approximately DKK 100 M. LS Control A/S will join the NIBE Element business area.

This deal strengthens the market position of both NIBE and LS Control in the market and creates new opportunities for growth and innovation. We congratulate both parties on the deal!

Lund Elmer Sandager advised on the buy-side of the deal in close collaboration with Terese Leire, Per-Ivar Svensson and Anders Jemail from the Swedish law firm Delphi. Our team consisted of Partner Nicolai Fløe Jørgensen, Partner Ulrik Bayer, Attorney Camilla Ikast Jessen, Partner Torsten Hylleberg, Associate Partner Julie Flindt Rasmussen and Assistant Attorney Louise Janholm Kristensen.

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Ulrik Bayer
Partner
Attorney
Camilla Ikast Jessen
Attorney

Related employees

August is a law student in our M&A team. He assists the team with due diligence investigations and corporate legal documents.

August Ikov

Student Assistant
Jacob is partner in our M&A team. He advises on M&A transactions, venture capital and private equity investments, capital structure, and successions.

Jacob Roesen

Partner
Attorney
Sebastian is partner in our M&A team, specializing in mergers and acquisitions, private equity, and venture capital.

Sebastian Rungby

Partner
Attorney
Working as an assistant attorney in our M&A team, Camilla advises Danish and international companies, private equity funds, and venture capital funds in connection with M&A transactions.

Camilla Martinsen

Assistant Attorney

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