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Zehnder Group acquired Recair, a Dutch developer and manufacturer of heat exchangers for residential ventilation units. Recair will operate as an independent company within Zehnder.
Daikin Europe signed an asset purchase agreement to acquire the stock, customer base and staff of Recair Oy's cooling business in Finland.
ETS NORD acquired Recair Oy's ventilation equipment business, including about 45 employees, production organization, and the RECAIR brand. The deal was effective August 1, 2018, and production will remain in Vantaa, Finland.