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Acquisition will support UK distributors

ITALIAN air conditioning and heat pump manufacturer Climaveneta has said that it sees the purchase of Walter Meier (Climate UK) as a further step in its growth strategy and an opportunity to support its UK distribution network.
The announcement of the acquisition this morning follows the recent acquisitions of distribution companies in Poland and India.
'This is an excellent opportunity for us to acquire a professionally run distribution and service company focused on our core competence of hvac and refrigeration,' commented Climaveneta CEO Carlo Grossi.

'Our direct presence in the UK will help ensure a stronger support to our long established independent distribution partners, to increase penetration in the UK. It will also continue to develop relationships with prestigious UK companies, international developers, large architecture and engineering firms with headquarters in UK who are active globally.'

The current management team at Walter Meier (Climate UK) remains unchanged and will be responsible for running Climaveneta UK.

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