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 and long-term future.

Lu-Ve president Iginio Liberali said: “This acquisition fits perfectly into the strategic design of growth and qualification of the Lu-Ve Group. Thanks to it, the Group is now amongst the three largest global operators in the sector. This acquisition reinforces our ability to offer services and components of high quality and reliability (performances certified by Eurovent).

“We are strengthening our avant-garde position in the advancement of our sector, in terms of research and development synergies, coverage of international markets, use of cutting-edge products and manufacturing technologies in the commercial refrigeration, industrial, air conditioning and power generation sectors.

“This acquisition also has the sense of maintaining in our country the research and manufacturing of the most advanced products, in terms of the application of green refrigerants, energy savings and respect for the environment.”