NIBE Industrier AB (publ) ("NIBE"), a Swedish based European leading heat pump manufacturer which is listed on the NASDAQ and OMX Stockholm Exchange announces to acquire WaterFurnace Renewable Energy, Inc ("WaterFurnace"), a Toronto Stock Exchange listed company and one of the market leaders in the North American geothermal heat pump heating and cooling solutions industry.
Beijing Guantao Law Firm’s ("Guantao") Beijing office and Hong Kong office has been separately acting as local legal counsel of NIBE in this transaction.
Guantao has been cooperating with NIBE's global leading counsel Advokatfirman Delphi and assisting in all China-related (including Hong Kong) legal matters. Deal team of Guantao in this acquisition consists of Mr. Jiang Wei, senior partner Beijing office, Mr. George Lee Ka Hok Partner Hong Kong office and Ms. Ai Yan, senior associate Beijing office.