LU-VE S.p.A. (LU-VE) announced on December 12 the signing of a binding framework agreement for the acquisition of Alfa Laval Group’s commercial/industrial air heat exchanger business (AL Air). LU-VE is one of the main European producers of air heat exchangers and ventilation products for the refrigeration, air conditioning and industrial process cooling markets, with production facilities in Europe, Russia, China, USA and India. Alfa Laval Group is a world leader in heat transfer, centrifugalseparation and fluid handling, active in the production and commercialization of air heat exchangers through AL Air. For the LU-VE Group the AL Air business will be a valuable complement with limited overlaps to the existing portfolio. This will create new growth opportunities for the near and long-term future.