LU-VE Spa announced on April 30 the completion of its agreement to purchase the air heat exchanger division of Alfa Laval (AL Air). The agreement to acquire the company
was announced on December 12, 2018. The acquisition of AL Air (headquartered in Alonte, Vicenza) includes its premises in Italy, Finland and India, with a commercial organization throughout the world, as well as recognized historical brand names such as Fincoil and Helpman. The acquisition also includes the transfer of more than 400 employees, mainly based at the production sites. The President of LU-VE, Iginio Liberali, said: “This acquisition is the largest ever concluded by LU-VE Group. Thanks to it, the Group is now amongst the three largest global operators in the sector and the second in Europe. The acquisition is part of our strategic design of growth and qualification. This acquisition also has the sense of maintaining in Italy the research and manufacturing of the most advanced products, in terms of the application of ‘green’ refrigerants, energy savings and respect for the environment”.