# LU-VE completes acquisition of Alfa Laval's air heat exchanger division

LU-VE Spa completed the acquisition of the air heat exchanger division of Alfa Laval (AL Air) for €67.1 million. The deal includes premises in Italy, Finland and India, and over 400 employees.

- Type: Acquisition
- Announced: 2019-05-03
- Where: Alonte, Vicenza, Italy
- Value: $75.0M (67.1M EUR)
- Status: completed
- Products: air heat exchangers, industrial coolers
- 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-finalizes-the-closing-of-the-acquisition-of-air-heat-exchanger-division-of-alfa-laval/), 2019-05-03: "This acquisition is the largest ever concluded by 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.