New acquisition

Karanović & Partners advises NIBE in TIKI Group Acquisition

NIBE Industrier AB has acquired Group, Gorenje’s Serbian operations and one of Europe’s largest manufacturers of water heaters. The transaction requires the customary approval of the competition authority concerned and subsequent to consolidation, expected from 1 January 2020, Group will become a part of the NIBE Climate Solutions business area.

Karanović & Partners team, headed by Senior Partner Dragan Karanović and Associate* Igor Radovanović assisted as a local legal counsel.

*independent Attorney at Law in cooperation with Karanovic & Partners