# Systemair to acquire Tecnair Lv from LU-VE and Monti family for €15 million

Systemair AB has agreed to acquire Tecnair Lv SpA from LU-VE S.p.A. and the Monti family for €15 million on a debt-free basis. Systemair will acquire 80% from LU-VE and 20% from the Monti family.

- Type: Acquisition
- Announced: 2022-01-30
- Where: Uboldo, Milan, Italy
- Value: $17.0M (15.0M EUR)
- Jobs: 43
- Status: announced
- Products: HVAC equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Systemair](https://endata.com/companies/7886.md) (acquirer)
- [Lu-Ve](https://endata.com/companies/8868.md) (partner)
- [Lu-Ve](https://endata.com/companies/8868.md) (target)
- [Tecnair LV S.p.A.](https://endata.com/companies/35010.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/LU-VE-S-P-A-22619643/news/Systemair-AB-OM-SYSR-agreed-to-acquire-Tecnair-Lv-SpA-from-LU-VE-S-p-A-and-Monti-family-for-128-37710900/), 2022-01-30: "Systemair AB (publ) (OM:SYSR) agreed to acquire Tecnair Lv SpA from LU-VE S.p.A. (BIT:LUVE) and Monti family for €15 million on a debt free basis on January 31, 2022."
- [globenewswire.com](https://www.globenewswire.com/news-release/2022/01/31/2375641/0/en/Systemair-acquires-Tecnair-LV-S-p-A.html), 2022-01-31: "We see that Tecnair complements Systemair in multiple areas."

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