ACR-news.com: Lu-Ve acquires Alfa Laval business

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Lu-Ve acquires Alfa Laval business

Lu-Ve has signed a binding framework agreement for the acquisition of Alfa Laval Group’s commercial and industrial air heat exchanger business.

Alfa Laval Group is a leader in heat transfer, centrifugal separation and fluid handling, active in the production and commercialisation of air heat exchangers through AL Air.

AL Air, headquartered in Alonte (Vicenza) owns well-recognised brand names such as Fincoil and Helpman and has productive premises in Italy, Finland and India with a commercial organisation throughout the world.

The acquisition will be finalised through a local binding agreement at closing, and will include the transfer of approximately 400 employees mainly based at the production sites.

For Lu-Ve, the AL Air business will be a valuable complement which sees limited overlaps with its existing portfolio, creating new growth opportunities for the near...

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