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Elmatic

Full company profile

uuid002ivay

Namestring
Elmatic
Legal namestring
Elmatic (Cardiff) Limited
Websiteurl
elmatic.co.uk
Company typeenum
Private
Founded yearint
1949
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersRumney, United Kingdom
HQ citystring
Rumney
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
industrial heating elements, tubular heaters, cartridge heaters, immersion heaters, process heating
Industry3 codes
1Industrial Furnaces, Kilns & Thermal Processing Equipment
CodeIMAHAEAEPrimaryYes
2Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers)
CodeIMAHAEACPrimaryNo
3Air Handling Units (AHUs) & Rooftop Units (RTUs)
CodeIMADANAAPrimaryNo
NAICS code2 codes
  • Industrial Process Furnace and Oven Manufacturing333994
  • Heating Equipment (except Warm Air Furnaces) Manufacturing333414
SIC code1 code
  • Industrial Process Furnaces & Ovens3567
Product category
Industrial Heating Elements
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Industrial Heating Elements Sales
TypeHardware Sales
Description

Elmatic generates revenue through the manufacture and sale of industrial electric heating elements. Products include tubular heaters, cartridge heaters, ceramic heaters, immersion heaters, strip heaters, and related accessories. They offer both standard catalog items and custom-built elements to customer specifications. Revenue is derived from product sales with typical Net 30 payment terms.

elmatic.co.uk
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D
Pricing details1 tier
1Custom quotation-based pricing for all products
ModelOtherBilling cadencePay-as-you-go
Notes

All products are manufactured to customer specifications and priced based on individual quotations. No standard price list is publicly available.

elmatic.co.uk
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Elmatic (Cardiff) Ltd manufactures and supplies industrial electric heating elements for commercial, industrial, scientific and domestic applications. The company offers one of the widest product ranges in the UK including tubular heaters, cartridge heaters, ceramic heaters, immersion heaters, strip heaters, nozzle heaters, and related accessories. All products are manufactured in-house at their Cardiff facility, with both standard catalog items and custom-built elements made to customer specifications.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Elmatic (Cardiff) Ltd is a manufacturer of industrial heating elements offering one of the widest product ranges in the UK, with over 30 distinct product categories. The core portfolio centers on tubular heating elements (including standard tubular, square section, and cartridge designs) that serve as the foundational technology across most product lines. The offering includes specialized heater types (ceramic knuckle, ceramic core, ceramic infrared, mica insulated, cast aluminium/bronze, strip, nozzle, immersion, air duct, drum, plate, hot plates, lead pot, PTFE, silicone rubber, roller/disc), complemented by temperature measurement (thermocouples), control systems (controllers and control panels), accessories (plugs & sockets, heated hoses), support products (insulation jackets, load banks, bolt heaters), and fabrication services. All products are manufactured in Cardiff and available as standard or custom-built to specification. The company was acquired by Swedish group NIBE Industrier AB in 2026, gaining access to expanded technological and international resources while continuing to operate with existing management.

Product and service14 records
1Tubular Heaters
CategoryIndustrial Heating Elements
Description

High-performance tubular rod heating elements with high-purity MgO insulation, computer-designed NiCr coiled resistors, and welded terminal connections. Available in diameters from 6.5mm to 16mm with ±7.5% tolerance. Used across commercial, industrial, scientific and domestic applications.

2Square Section Heaters
CategoryIndustrial Heating Elements
Description

9.5mm square-section tubular heaters with increased surface contact for superior heat transfer compared to round tubular elements, operating up to 750°C. Fully sealed construction protects against moisture ingress.

39.5mm Square Section Tubular Heaters
CategoryIndustrial Heating Elements
Description

Precision-engineered square-section tubular electric heaters with increased surface contact for superior heat transfer, operating up to 750°C with high watt density capability.

4Cartridge Heaters
CategoryIndustrial Heating Elements
Description

High-quality cartridge heaters for heating mould tools, tooling, platens, packaging machinery, heat sealing equipment, plastic processing and food processing machinery. Max K cartridge heaters withstand 650°C to 700°C with integrated Type J or K thermocouple options.

5Ceramic Knuckle Heaters
CategoryIndustrial Heating Elements
Description

High-temperature band heaters with ceramic segments operating between 400°C-450°C (up to 750°C for special versions), utilizing radiant heating for superior efficiency and uniform heat distribution. Offers up to 25% energy savings when combined with insulation jackets.

6Ceramic Core Heaters
CategoryIndustrial Heating Elements
Description

Ceramic disc-based heaters for heating fluids in tanks/cylinders or warming air in pipes, operating up to 450°C with precise and even heat distribution.

7Ceramic Infrared Heaters
CategoryIndustrial Heating Elements
Description

Ceramic infrared heater emitters available in flat and curved configurations with integrated thermocouple options, providing uniform thermal distribution with 10,000 hours operational lifespan at 80% rated power.

8Mica Insulated Heaters
CategoryIndustrial Heating Elements
Description

Comprehensive range of mica insulated heaters including mica bands, nozzles, plates, discs, boxes, and strips with maximum temperature of 280°C, known for reliability and energy efficiency.

9Cast Aluminium & Bronze Heaters
CategoryIndustrial Heating Elements
Description

Aluminium bronze cast heaters featuring tubular sheathed wire elements with exceptional thermal conductivity for uniform temperature distribution and high durability. Features ribbed construction and sealed terminal boxes for contamination resistance.

10Strip Heaters
CategoryIndustrial Heating Elements
Description

High-performance strip heaters including Incoloy 800, Mica, Ceramic, and Finned Ceramic models with maximum operating temperatures from 300°C to 750°C for presses, platen heating, extrusion die heads, and commercial ovens.

11Immersion Heaters
CategoryIndustrial Heating Elements
Description

Industrial immersion heaters for heating water, oils, and chemicals using various sheath materials (Incoloy, Stainless Steel, Mild Steel, Titanium) operating at temperatures up to 650°C-700°C.

12Air Duct Heaters
CategoryIndustrial Heating Elements
Description

Electric air duct heaters for heating and air conditioning systems, available in various sizes with staggered airflow design for optimal heat transfer efficiency.

13Drum Heaters
CategoryIndustrial Heating Elements
Description

Custom drum heaters including mica-insulated, immersion-style, and textile drum heaters with integrated heating elements and thermocouples for optimal performance.

14Plate Heaters
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Chromalox manufactures industrial electric heat and control products including tubular heaters, cartridge heaters, immersion heaters, and process heating systems. Directly competes with Elmatic in the same product categories and industrial verticals including petrochemical, food processing, and HVAC.

TypeDirect peer
Description

Watlow is one of the largest global manufacturers of industrial electric heating elements, sensors, and temperature controllers, serving plastics, semiconductor, medical, and process industries. Directly comparable to Elmatic in core product categories (tubular, cartridge, band, immersion heaters) and target customer base of industrial OEMs.

TypeDirect peer
Description

US-based custom manufacturer of electric heating elements, temperature sensors, and thermal systems for industrial and medical applications. Closely comparable to Elmatic in custom-engineered tubular, cartridge, and immersion heaters with similar mid-market industrial focus.

TypeDirect peer
Description

US-based manufacturer of electric immersion heaters, process heaters, and specialty heating elements for industrial applications. Directly comparable to Elmatic in industrial immersion heaters, process heaters, and similar specification-driven sales motion.

TypeDirect peer
Description

US manufacturer specializing in custom-engineered industrial heating elements including cartridge heaters, band heaters, strip heaters, and immersion heaters. Directly comparable to Elmatic's bespoke-manufacturing model and broad industrial customer base.

TypeBroad incumbent
Description

Swedish-listed conglomerate that acquired Elmatic in 2026. Operates a broad portfolio across climate solutions, heating, and industrial components, providing overlap with Elmatic's products but at much larger scale and across residential, commercial, and industrial end markets.

TypeDirect peer
Description

US manufacturer of open coil, tubular, and flexible heating elements for industrial, appliance, and aerospace markets. Comparable to Elmatic in industrial open coil and tubular heating technologies, with overlap in aerospace, rail, and industrial OEM customers.

TypeDirect peer
Description

US manufacturer of custom industrial heating elements and integrated thermal solutions serving medical, transit, packaging, and process industries. Comparable to Elmatic in custom-engineered band, tubular, and cartridge heaters and similar B2B industrial customer model.

TypeDirect peer
Description

Swedish-based manufacturer of tubular heating elements and industrial heaters with extensive European distribution. Direct peer to Elmatic in core tubular and cartridge heater technologies; particularly relevant as Elmatic is now part of NIBE, another Swedish industrial heating group.

TypeDirect peer
Description

French-based manufacturer of industrial electric heating elements, immersion heaters, and thermal transfer solutions. Elmatic itself distributes Vulcanic products through its catalogue, indicating tight overlap in product portfolio and target industrial customers across European markets.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment14 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature6 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Elmatic

Industrial Heating Elementselmatic.co.uk

Elmatic firmographics

Firmographics
Name
Elmatic
Legal name
Elmatic (Cardiff) Limited
Website
https://elmatic.co.uk
Company type
Private
Founded year
1949
Operating status
Acquired
Headcount range
51–100 employees
Ownership category
akta.pro rank

Elmatic industry classification

Industry
Product category
Industrial Heating Elements
NAICS
Industrial Process Furnace and Oven Manufacturing (333994), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414)
SIC
Industrial Process Furnaces & Ovens (3567)
akta.pro primary industry
Industrial Furnaces, Kilns & Thermal Processing Equipment (IMAHAEAE)
akta.pro secondary industries
Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), Air Handling Units (AHUs) & Rooftop Units (RTUs) (IMADANAA)

Keywords

  • Industrial heating elements
  • Tubular heaters
  • Cartridge heaters
  • Immersion heaters
  • Process heating

Where Elmatic is headquartered

Location

Headquarters

HQ city
Rumney
HQ country
United Kingdom
HQ region
Europe

Offices1 record

Markets served

Elmatic business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

  1. Industrial Heating Elements Sales: Elmatic generates revenue through the manufacture and sale of industrial electric heating elements. Products include tubular heaters, cartridge heaters, ceramic heaters, immersion heaters, strip heaters, and related accessories. They offer both standard catalog items and custom-built elements to customer specifications. Revenue is derived from product sales with typical Net 30 payment terms.

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goCustom quotation-based pricing for all products

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Elmatic product offering

Product offering

Core offering

Elmatic (Cardiff) Ltd manufactures and supplies industrial electric heating elements for commercial, industrial, scientific and domestic applications. The company offers one of the widest product ranges in the UK including tubular heaters, cartridge heaters, ceramic heaters, immersion heaters, strip heaters, nozzle heaters, and related accessories. All products are manufactured in-house at their Cardiff facility, with both standard catalog items and custom-built elements made to customer specifications.

Product overview

Elmatic (Cardiff) Ltd is a manufacturer of industrial heating elements offering one of the widest product ranges in the UK, with over 30 distinct product categories. The core portfolio centers on tubular heating elements (including standard tubular, square section, and cartridge designs) that serve as the foundational technology across most product lines. The offering includes specialized heater types (ceramic knuckle, ceramic core, ceramic infrared, mica insulated, cast aluminium/bronze, strip, nozzle, immersion, air duct, drum, plate, hot plates, lead pot, PTFE, silicone rubber, roller/disc), complemented by temperature measurement (thermocouples), control systems (controllers and control panels), accessories (plugs & sockets, heated hoses), support products (insulation jackets, load banks, bolt heaters), and fabrication services. All products are manufactured in Cardiff and available as standard or custom-built to specification. The company was acquired by Swedish group NIBE Industrier AB in 2026, gaining access to expanded technological and international resources while continuing to operate with existing management.

Differentiator

Problem solved

Functional benefit

Products and services

  • Tubular Heaters High-performance tubular rod heating elements with high-purity MgO insulation, computer-designed NiCr coiled resistors, and welded terminal connections. Available in diameters from 6.5mm to 16mm with ±7.5% tolerance. Used across commercial, industrial, scientific and domestic applications.
  • Square Section Heaters 9.5mm square-section tubular heaters with increased surface contact for superior heat transfer compared to round tubular elements, operating up to 750°C. Fully sealed construction protects against moisture ingress.
  • 9.5mm Square Section Tubular Heaters Precision-engineered square-section tubular electric heaters with increased surface contact for superior heat transfer, operating up to 750°C with high watt density capability.
  • Cartridge Heaters High-quality cartridge heaters for heating mould tools, tooling, platens, packaging machinery, heat sealing equipment, plastic processing and food processing machinery. Max K cartridge heaters withstand 650°C to 700°C with integrated Type J or K thermocouple options.
  • Ceramic Knuckle Heaters High-temperature band heaters with ceramic segments operating between 400°C-450°C (up to 750°C for special versions), utilizing radiant heating for superior efficiency and uniform heat distribution. Offers up to 25% energy savings when combined with insulation jackets.
  • Ceramic Core Heaters Ceramic disc-based heaters for heating fluids in tanks/cylinders or warming air in pipes, operating up to 450°C with precise and even heat distribution.
  • Ceramic Infrared Heaters Ceramic infrared heater emitters available in flat and curved configurations with integrated thermocouple options, providing uniform thermal distribution with 10,000 hours operational lifespan at 80% rated power.
  • Mica Insulated Heaters Comprehensive range of mica insulated heaters including mica bands, nozzles, plates, discs, boxes, and strips with maximum temperature of 280°C, known for reliability and energy efficiency.
  • Cast Aluminium & Bronze Heaters Aluminium bronze cast heaters featuring tubular sheathed wire elements with exceptional thermal conductivity for uniform temperature distribution and high durability. Features ribbed construction and sealed terminal boxes for contamination resistance.
  • Strip Heaters High-performance strip heaters including Incoloy 800, Mica, Ceramic, and Finned Ceramic models with maximum operating temperatures from 300°C to 750°C for presses, platen heating, extrusion die heads, and commercial ovens.
  • Immersion Heaters Industrial immersion heaters for heating water, oils, and chemicals using various sheath materials (Incoloy, Stainless Steel, Mild Steel, Titanium) operating at temperatures up to 650°C-700°C.
  • Air Duct Heaters Electric air duct heaters for heating and air conditioning systems, available in various sizes with staggered airflow design for optimal heat transfer efficiency.
  • Drum Heaters Custom drum heaters including mica-insulated, immersion-style, and textile drum heaters with integrated heating elements and thermocouples for optimal performance.
  • Plate Heaters

Companies that use Elmatic

Customer profile

Segments14 records

Ideal customer profiles4 records

Elmatic technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

Elmatic partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Elmatic competitors and assessment

Company assessment

Direct peers

  • Chromalox: Chromalox manufactures industrial electric heat and control products including tubular heaters, cartridge heaters, immersion heaters, and process heating systems. Directly competes with Elmatic in the same product categories and industrial verticals including petrochemical, food processing, and HVAC.
  • Watlow Electric Manufacturing: Watlow is one of the largest global manufacturers of industrial electric heating elements, sensors, and temperature controllers, serving plastics, semiconductor, medical, and process industries. Directly comparable to Elmatic in core product categories (tubular, cartridge, band, immersion heaters) and target customer base of industrial OEMs.
  • Durex Industries: US-based custom manufacturer of electric heating elements, temperature sensors, and thermal systems for industrial and medical applications. Closely comparable to Elmatic in custom-engineered tubular, cartridge, and immersion heaters with similar mid-market industrial focus.
  • Heatrex: US-based manufacturer of electric immersion heaters, process heaters, and specialty heating elements for industrial applications. Directly comparable to Elmatic in industrial immersion heaters, process heaters, and similar specification-driven sales motion.
  • Tempco Electric Heater Corporation: US manufacturer specializing in custom-engineered industrial heating elements including cartridge heaters, band heaters, strip heaters, and immersion heaters. Directly comparable to Elmatic's bespoke-manufacturing model and broad industrial customer base.
  • Tutco Heating Solutions Group: US manufacturer of open coil, tubular, and flexible heating elements for industrial, appliance, and aerospace markets. Comparable to Elmatic in industrial open coil and tubular heating technologies, with overlap in aerospace, rail, and industrial OEM customers.
  • Heatron: US manufacturer of custom industrial heating elements and integrated thermal solutions serving medical, transit, packaging, and process industries. Comparable to Elmatic in custom-engineered band, tubular, and cartridge heaters and similar B2B industrial customer model.
  • Backer Electric (Backer BHV): Swedish-based manufacturer of tubular heating elements and industrial heaters with extensive European distribution. Direct peer to Elmatic in core tubular and cartridge heater technologies; particularly relevant as Elmatic is now part of NIBE, another Swedish industrial heating group.
  • Vulcanic: French-based manufacturer of industrial electric heating elements, immersion heaters, and thermal transfer solutions. Elmatic itself distributes Vulcanic products through its catalogue, indicating tight overlap in product portfolio and target industrial customers across European markets.

Broad incumbents

  • NIBE Industrier AB: Swedish-listed conglomerate that acquired Elmatic in 2026. Operates a broad portfolio across climate solutions, heating, and industrial components, providing overlap with Elmatic's products but at much larger scale and across residential, commercial, and industrial end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Elmatic compliance and trust

Trust signal

Compliance1 record

Elmatic financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Elmatic leadership team

Management profile

Number of profiles

Elmatic funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Elmatic M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elmatic

What does Elmatic do?

Elmatic (Cardiff) Ltd manufactures and supplies industrial electric heating elements for commercial, industrial, scientific and domestic applications. The company offers one of the widest product ranges in the UK including tubular heaters, cartridge heaters, ceramic heaters, immersion heaters, strip heaters, nozzle heaters, and related accessories. All products are manufactured in-house at their Cardiff facility, with both standard catalog items and custom-built elements made to customer specifications.

Is Elmatic a public or private company?

Elmatic is a private company. It is classified as corporate owned and is currently acquired.

When was Elmatic founded?

Elmatic was founded in 1949. It employs 51 to 100 people.

Where is Elmatic based?

Elmatic is headquartered in Rumney, United Kingdom, in the Europe region.

How does Elmatic make money?

One revenue line is on record: industrial Heating Elements Sales.

Who are Elmatic's main competitors?

Direct peers on record are Chromalox, Watlow Electric Manufacturing, Durex Industries, Heatrex, Tempco Electric Heater Corporation, Tutco Heating Solutions Group, Heatron, Backer Electric (Backer BHV) and Vulcanic. NIBE Industrier AB is listed as a broad incumbent.

Does Elmatic have an API?

No public API is recorded for Elmatic.

What industry is Elmatic in?

Elmatic's product category is Industrial Heating Elements. Its primary akta.pro industry code is IMAHAEAE, Industrial Furnaces, Kilns & Thermal Processing Equipment, with a secondary code of IMAHAEAC, Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers). Its NAICS code is 333994 and its SIC code is 3567.

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Live signals
Business LiveThe latest equity investment and acquisition deals in Welsh businessSix Welsh businesses announced equity investment or acquisition deals totaling multiple millions of pounds, spanning sectors from advanced manufacturing and medical devices to surgical technology and vehicle repair. Notable transactions include a £2.75m seed round for K3 Metrology, £750,000 for Mariposa Therapeutics developing a rare disease treatment, the acquisition of Elmatic by Swedish group NIBE Industrier AB, a £7m funding round for Alesi Surgical, a management buyout of Creo Medical's manufacturing operations, and a £600,000 investment supporting the MBO of 1st Choice Accident Repair Centre. The deals demonstrate continued activity from Development Bank of Wales and co-investors in backing Welsh SMEs across high-growth sectors.Business LiveOne the UK' s oldest industrial electric heating element firms acquired by Swedish giant | Business LiveCardiff-based Elmatic, one of the UK's oldest manufacturers of industrial electric heating elements founded in 1949, has been acquired by Swedish corporate giant NIBE Industrier AB. The transaction value was not disclosed. Following the acquisition, Elmatic will continue operating with the same management team, with Simon Ellam from Backer Heatrod and Heat Trace taking on a chairman role to support strategic alignment within the NIBE Element business area.Insidermedia“A strong platform for its future growth” - family-run Cardiff manufacturer founded in 1949 acquired by global heating groupElmatic (Cardiff) Ltd, a Cardiff-based manufacturer of industrial heating elements founded in 1949, has been acquired by NIBE Industrier AB, a Swedish global heating, cooling and energy systems group. Gambit Corporate Finance acted as lead advisor to Elmatic's shareholders on the transaction, which will see Elmatic continue operating with its existing management team while gaining access to NIBE's technological, operational, and international resources. The acquisition is described as providing a "strong platform for its future growth" while preserving Elmatic's 77-year tradition of specialist manufacturing.ElmaticElmatic (Cardiff) LtdElmatic (Cardiff) Ltd, a UK industrial heating element manufacturer, was acquired by NIBE Industrier AB. The acquisition ensures Elmatic's 77-year tradition continues under NIBE's global resources, with management retained and Simon Ellam appointed chairman. The deal aims to combine Elmatic's manufacturing heritage with NIBE's innovation-driven platform.MarketScreenerNIBE Industrier AB (OM: NIBE B) acquired Elmatic Limited from Skalitzky family.NIBE Industrier AB completed the acquisition of Elmatic (Cardiff) Limited on April 2, 2026, from the Skalitzky family. Elmatic will retain its management team, with Simon Ellam appointed chairman to support leadership. The deal aims to leverage NIBE's broader resources for stability and growth.