# Lu-Ve completes acquisition of Italia Wanbao-ACC via SEST

Lu-Ve completed the acquisition of Italia Wanbao-ACC Srl through its subsidiary SEST SpA, with a total planned investment of EUR 8.95 million. The plant will be expanded to make static heat exchangers, and 150 former ACC workers will be hired by June 2024.

- Type: Acquisition
- Announced: 2022-07-31
- Where: Limana (Belluno), Italy
- Value: $9.70M (8.95M EUR)
- Jobs: 150
- Status: completed
- Products: static heat exchangers, refrigerated cabinet exchangers, chillers, heat pumps
- 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)
- [SEST SpA](https://endata.com/companies/9533.md) (acquirer)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/lu-ve-completes-italia-wanbao-acc-purchase/), 2022-07-31: "Lu-Ve has announced the completion of the acquisition of Italia Wanbao-ACC Srl by its heat exchanger subsidiary SEST SpA."

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