ACR-news.com: Carel Group acquires HygroMatik GMBH

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Carel Group acquires HygroMatik GMBH

Carel Industries' acquisition of the entire share capital of HygroMatik GmbH - part of the group Spirax Sarco Engineering has been completed. The company is based in Henstedt-Ulzburg, near Hamburg. It designs, produces and markets humidifiers and related accessories, in the industrial, commercial and wellness fields.

The transaction is an implementation of one of the main pillars of the Group's strategy, which envisages a growth path through m&a activities aiming to strengthen its core business, and increasing market share.

Integration with HygroMatik will consolidate Carel's positioning in German-speaking countries and in northern Europe and will allow for better...

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