LU-VE Group will sell its 80% participation in Tecnair LV S.p.A., which includes its entire business of indoor units for close control applications such as operating theatres and data centers. The management of Tecnair LV will sell to Systemair the remaining 20% and will continue to manage the company.
LU-VE Group and Systemair will sign a long-term supply agreement for heat exchangers coils and will continue to grow their cross-selling activity related to the indoor and outdoor unit for data centers.
The transaction is subject to the obtaining of clearance by the competent regulatory authorities pursuant to “golden power” regulations in Italy.
The President of LU-VE Group Iginio Liberali said: “I would like to thank all the Tecnair LV team members for their hard work and commitment during the LU-VE tenure.”