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Chinese company Songz Automobile Air Conditioning is taking over Lumikko Technologies Oy, Bitzer's Finnish transport refrigeration subsidiary, in a 100% acquisition. The deal awaits Chinese regulatory approval.
“This transaction is of strategic importance for all three companies and it represents a very large opportunity to create a major and global player in the field of refrigerated trucks and trailers.”coolingpost.com
Summarized from public sources; check the original articles before acting on it.