ACR-News
Know what you want? Try our 'Supplier Directory' 

Indian coil maker buys Luvata Czech

COIL MANUFACTURER Luvata Czech has been bought by India's Lloyd Electric & Engineering Ltd (LEEL).
LEEL, a heat exchanger coil manufacturer for ac systems, announced on May 14, its acquisition of Luvata's former operation based in Prague, Czech Republic. The 300-employee plant, which produces coil units for the European HVACR market was divested from Luvata last year.

In August 2007, Luvata acquired ECO SpA, the world's foremost manufacturer of heat-transfer coils and coolers but was forced to sell its Prague operation by the European Commision to ensure fair competition in the market.

Since that ruling, the Prague facility has been running as a standalone operation with its own, independent sales and management structure while awaiting a buyer. The plant was acquired by Lloyd Coils Czech s.r.o., owned by Lloyd Electric & Engineering Ltd, for an undisclosed sum.

LEEL is an OEM supplier to most of the ac manufacturers in India and its overseas business makes up 20% of its sales turnover. LEEL's bosses aim to use Luvata Czech to tap into the European coil market. Formed in 1988, LEEL has three manufacturing plants in India.

In FY 2007, Luvata Czech reported total revenues of euro 30.6 million. At the time of the European Commission's ruling, John-Peter Leesi, CEO and president of Luvata said 'A healthy market cannot exist without fair competition and so we respect the commission's judgment. We wish the best of futures to our former Czech company under its new owners and I hope it will continue with some of the Luvata tradition that made it so successful.'


Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

High temperature CO2 heat pump increases hot water efficiency

Mitsubishi Electric has announced the launch of a new commercial heating system running on CO2 (R744) to deliver hot water up to 90°C and help businesses increase the efficiency of hot water production whilst significantly reducing their carbon ...

  21-Sep-2020

Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
  21-Sep-2020
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Diary

Chillventa
14th IIR-Gustav Lorentzen Conference on Natural Refrigerants
FETA Annual Lunch
16th IIR Conference on Cryogenics