Bitzer acquires majority stake in automation specialist Wurm

Bitzer signed a joint venture agreement to become majority shareholder of Wurm Holding GmbH, integrating Wurm's electronic system solutions for refrigeration, air conditioning and ventilation. The deal is subject to regulatory approval.

“On 8 November, both companies signed a joint venture agreement in which BITZER will be the majority shareholder of the newly established Wurm Holding GmbH from 1 January 2019.”refindustry.com

• 2 sources
• refindustry.comBITZER and Wurm signed a joint venture agreement - RefindustryNov 13, 2018
• acr-news.comBitzer acquires automation expert WurmACR editorNov 16, 2018

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