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Capstone Headwaters advised Therm-x of California, Inc. (“Therm-x” or the “Company”), a leading manufacturer of temperature sensors and heating solutions, on its acquisition by NIBE Industrier AB (“NIBE”), an international heating technology organization based in Sweden.  

Dan Trujillo, CEO of Therm-x, stated 

“We are thankful to Capstone Headwaters’ Industrial Technology Group for their invaluable advice, unwavering advocacy and meticulous attention throughout every step of this once-in-a-lifetime transaction. It was a real pleasure working with sector experts and a smart team.” 

Peter Nam, Managing Director and Co-Head of the Industrial Technology Group at Capstone Headwaters, expressed 

“NIBE’s acquisition of Therm-x creates strategic drivers on multiple fronts: i) further strengthens NIBE Element’s thermal sensing technologies and engineering capabilities, ii) fuels growth opportunities across the semiconductor and other end-markets requiring mission-critical temperature control and iii) expands geographic footprint in Silicon Valley and Vietnam.” 

About NIBE Industrier AB 
NIBE Industrier AB is a multi-billion revenue, publicly traded heating technology company with operations in Nordic countries, Rest of Europe, North America, Australia, Asia, and internationally. The company operates in three business areas: NIBE Element, NIBE Climate Solutions and NIBE Stoves. The NIBE Element business unit is involved in the manufacture and sale of components and solutions for measuring, controlling, and heating applications.  

About Therm-x of California 
Therm-x of California  ( is a vertically integrated manufacturer of temperature sensors, industrial heaters and process control systems for the semiconductor equipment and other thermal-sensitive industries with leading technology, revenue growth and key supplier status to blue-chip OEM customers. Therm-x is an integral part of the semiconductor equipment supply chain process, and has provided both proven and new technology solutions in a cleanroom environment to the world’s largest semiconductor equipment manufacturers.