Lu-Ve

Announcements · 2

Jul 31, 2022ACQUISITIONLimana (Belluno), Italy$9.70M150 jobs
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.
Lu-Ve acquirer Italia Wanbao ACC target SEST SpA acquirer #HVAC and Industrial Refrigeration coolingpost.com
Feb 1, 2022ACQUISITIONItaly$6.80M
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.
Lu-Ve acquirer Italia Wanbao ACC target #HVAC and Industrial Refrigeration coolingpost.com

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