Swedish heating technology group (Nasdaq Stockholm) that acquired Portuguese biomass heating leader Solzaima (Águeda) in 2023.
NIBE Industrier acquired Solzaima in 2023, adding Iberian manufacturing capacity for wood and pellet stoves. Solzaima operates from Águeda (Aveiro district) and is now NIBE’s Portuguese production base for biomass climate solutions across southern Europe.
NIBE Industrier sits inside the Portugal ↔ Scandinavia business corridor that NorthSouth HQ tracks every day. As nordic presence in Portugal, its operations are a data point in the broader story of how capital, goods, people and ideas flow between Portugal and the Nordics — a corridor that is accelerating in 2026.
Fractio helps Nordic companies enter the Portuguese market — from market sizing to first sales, hiring, and legal setup.
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