# VBG Group acquires Italytec Imex in Brazil for 260 MSEK

VBG Group's Mobile Thermal Solutions division agreed to acquire all shares in Italytec Imex Indústria e Comércio Ltda., a Brazilian HVAC manufacturer for offroad vehicles, for an estimated 260 MSEK plus additional earn-out of 27 MSEK.

- Type: Acquisition
- Announced: 2025-01-29
- Where: Nova Odessa, São Paulo, Brazil
- Value: $24.0M (260.0M SEK)
- Jobs: 120
- Status: announced
- Products: heating and air conditioning systems for offroad vehicles
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [VBG Group](https://endata.com/companies/59947.md) (acquirer)
- [Italytec Imex Indústria e Comércio Ltda.](https://endata.com/companies/82625.md) (target)

## Sources

- [vbggroup.com](https://vbggroup.com/en/media/press-releases/vbg-group-acquires-the-brazilian-company-italytec-imex-industria-e-comercio-ltda/), 2025-01-29: "The acquisition of Italytec, complements Mobile Thermal Solutions and strengthens our position within the offroad vehicle market."

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