# LU-VE to acquire Alfa Laval's air heat exchanger business for up to €67 million

LU-VE S.p.A. signed a binding framework agreement to acquire Alfa Laval Group's commercial/industrial air heat exchanger business (AL Air) for between €66 million and €67 million. The transaction is expected to close in the first half of 2019.

- Type: Acquisition
- Announced: 2019-01-28
- Where: Alonte (Vicenza), Italy; Finland; India, Italy
- Value: $76.0M (66.5M EUR)
- Jobs: 400
- Status: announced
- Products: air heat exchangers
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

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

## Sources

- [refindustry.com](https://refindustry.com/news/lu-ve-s-p-a-has-signed-an-agreement-to-acquire-alfa-laval-group-s-commercial-industrial-air-heat-exc/), 2019-01-27: "This acquisition fits perfectly into the strategic design of growth and qualification of the LU-VE 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.