Sweden: Air Heat Exchangers Alfa Laval Sells Part of its ‘Greenhouse’ Business to LU-VE Group
Under the deal, LU-VE Group will be taking over Alfa Laval’s air heat exchanger business. The move is expected to affect about 400 employees at various production sites such as Italy, Finland and India.
Sweden – Alfa Laval has recently signed an umbrella agreement with the LU-VE Group to sell parts of its air heat exchanger business, related to commercial/industrial air heat exchangers, currently placed in the Greenhouse division. The closing of the agreement is expected during first half of 2019.
The product group commercial/industrial air heat exchangers represent the major part of today’s Greenhouse. It was moved there in 2016, along with a few other selected product groups, to give it the best possible conditions to improve its performance. The strategy has proven to be successful.
The agreement to divest the commercial/industrial air heat exchanger business to LU‑VE Group will affect about 400 employees, mainly based at the production sites in Italy, Finland and India, and the purpose is to transfer the employees to the LU-VE Group as per closing date of the transaction.
Alfa Laval will continue to supply air heat exchangers (such as Alfa Laval Ace, Alfa Laval Niagara and Alfa Laval Olmi) for heavy process industry applications and other types of heat exchangers (such as brazed heat exchangers) for the HVAC and refrigeration industry.