# Lu-Ve submits binding offer for Italian compressor maker Italia Wanbao ACC

Lu-Ve has submitted a binding, conditional proposal to buy Italia Wanbao ACC (WACC), a compressor maker in administration, to convert it to heat exchanger production. The plan involves about EUR 6 million of site investment and partial absorption of the workforce over three years.

- Type: Acquisition
- Announced: 2022-02-01
- Where: Italy
- Value: $6.80M (6.00M EUR)
- Status: announced
- Products: refrigeration and air conditioning heat exchangers, domestic refrigeration compressors
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Lu-Ve](https://endata.com/companies/8868.md) (acquirer)
- [Italia Wanbao ACC](https://endata.com/companies/8869.md) (target)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/lu-ve-makes-offer-for-acc-business/), 2022-02-01: "Lu-Ve has submitted a binding proposal for the purchase of the beleaguered compressor manufacturing company Italia Wanbao ACC srl (WACC)."

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