Known worldwide for its innovative C02 refrigeration technology, the LU-VE Group, has continued its international expansion with its latest acquisition of Zyklus Heat Transfer.
The acquisition provides LU-VE Group with a presence in North America.
Texas-based Zyklus specializes in manufacturing heat exchangers for commercial refrigeration, refrigerated transport and air conditioning.
LU-VE president, Iginio Liberali, said the company is now present in all the most important countries of the world.
“Our growth strategy has led us to invest at an international level, to satisfy the requests of different local markets,” he said.
“This includes the acquisition of Spirotech in India in 2016, creating a second facility in Poland, which is currently under construction, and the doubling of the manufacturing surface in China, which will be completed by early 2019.
"The Zyklus facility will allow an important strengthening of the commercial presence of LU-VE Group in North America.
“Moreover, we expect to generate significant industrial synergies (for products and processes) as well as commercial synergies: on one hand, Zyklus will be able to take advantage of LU-VE technologies; on the other hand, LU-VE can strengthen its already-established relationships with important North-American clients".
There are seven sales companies in the LU-VE Group located in Australia, Austria, France, Germany, India, Spain and the UAE.