# Nederman acquires Luwa Air Engineering AG for CHF 28.5 million

Nederman has acquired 100% of Luwa Air Engineering AG, a global leader in textile air engineering, for CHF 28.5 million, with an additional CHF 5.7 million due in two years.

- Type: Acquisition
- Announced: 2018-10-17
- Where: Uster, Switzerland, Switzerland
- Status: completed
- Products: air conditioning systems, waste handling systems, heat recovery systems
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Nederman](https://endata.com/companies/31239.md) (acquirer)
- [Luwa Air Engineering AG](https://endata.com/companies/34953.md) (target)

## Sources

- [news.cision.com](https://news.cision.com/nederman/r/nederman-acquires-luwa-air-engineering-ag--a-global-market-leader-in-fibre-and-textile-air-engineeri,c2647134), 2018-10-17: "Luwa is an excellent complimentary fit for the Nederman Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.