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MCZ announced the acquisition of Sital Klima and SIC, two Italian HVAC companies. Sital Klima, based in Mogliano Veneto, and SIC, based in Cologna Veneta, had combined revenue of nearly €20 million in 2023 and employ 62 people.
The SIC Group acquired a stake in Sauter Bachmann AG, a Swiss manufacturer of gears and drive systems. Martin Sauter will retire on January 1, 2023, and Max Bachmann will remain as co-owner and Co-CEO.