# Alfa Laval divests commercial/industrial air heat exchanger business to LU-VE Group

Alfa Laval has signed an agreement to sell the major part of its Greenhouse division, comprising commercial/industrial air heat exchangers, to the LU-VE Group. The transaction is expected to close in the first half of 2019 and affects about 400 employees.

- Type: Acquisition
- Announced: 2018-12-12
- Where: Sweden
- Value: $76.0M (67.0M EUR)
- Jobs: -400
- Status: announced
- Products: commercial/industrial air heat exchangers
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Alfa Laval](https://endata.com/companies/306.md)
- [Alfa Laval](https://endata.com/companies/306.md) (target)
- [Lu-Ve](https://endata.com/companies/8868.md) (acquirer)

## Sources

- [alfalaval.com](https://www.alfalaval.com/media/news/investors/2018/alfa-laval-has-signed-an-agreement-to-divest-the-major-part-of-its-greenhouse-activity-to-the-lu-ve-group/), 2018-12-12: "This business has made big improvements the last two years both in terms of growth and profitability."
- [reta.com](https://reta.com/news/430492/LU-VE-to-acquire-Alfa-Lavals-refrigeration-heat-exchange-business-segment.htm), 2018-12-13: "With the acquisition, the Group will be among the three largest global operators in the sector."

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