Elmatic has been acquired by NIBE Industrier AB

Cardiff – CFI is pleased to announce that it existed as lead financial advisor to the shareholders of Elmatic on its sale to NIBE Industrier AB.

Elmatic is one of the UK’s longest-established manufacturers of industrial electric heating elements. Founded in 1949, Elmatic has operated as a family-run business dedicated to producing custom-built, high-quality heating solutions for diverse industries.

NIBE Industrier AB is a Swedish heating, cooling and energy systems manufacturer. They produce domestic stoves, air source heat pumps, ground source heat pumps, as well as other heating and climate control equipment. The company head office is in Markaryd. The company is a constituent of the OMX Nordic 40.

The move ensures that Elmatic’s 77-year tradition of craftsmanship and specialist manufacturing will continue to thrive, now supported by the resources of a global heating solutions group.

John Skalitzky, former owner of Elmatic (Cardiff) Ltd, said: “On behalf of my family and myself, we are reassured by the knowledge that Elmatic’s future will continue under the leadership of NIBE’s group of companies. I would like to thank the exceptional team of employees, who will continue their work in very capable hands.”

“I would like to thank the team at CFI UK for their role in advising us throughout the transaction. From the inception of the process to completion, their commercial experience and guidance was invaluable and they took a “sleeves-rolled up” approach to supporting us every step of the way.”

This transaction closed on 2 April 2026.