# Lu-Ve to acquire Alfa Laval air heat exchanger business for €66M

Alfa Laval is selling major parts of its commercial/industrial air heat exchanger business to Italian company Lu-Ve for around €66 million. The deal includes AL Air brands Fincoil and Helpman and factories in Italy, Finland, and India, affecting about 400 employees.

- Type: Acquisition
- Announced: 2019-08-01
- Where: Alonte, Vicenza, Italy
- Value: $74.0M (66.0M EUR)
- 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

- [achrnews.com](https://www.achrnews.com/articles/141681-lu-ve-to-acquire-alfa-laval-business), 2019-08-01: "This business has made big improvements in the last two years both in terms of growth and profitability."

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