Italy/Germany: Shell-and-Tube Heat Exchangers Bitzer Acquires Parts of Alfa Laval's Greenhouse Business
Alfa Laval has signed an agreement to sell its commercial tubular heat exchanger business, currently part of the Greenhouse division, to the Bitzer Group.
Vicenza/Italy and Sindelfingen/Germany — From the beginning of May, Bitzer will be the largest independent manufacturer in the shell-and-tube heat exchanger market worldwide, the company announced. The closing of the agreement is expected on May 1, 2018.
The commercial tubular heat exchanger business with base in Alonte, Italy, and with focus on the refrigeration and air conditioning market, has been a part of Greenhouse since 2016. It was moved there, 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 and the commercial tubular heat exchanger business reported revenues of about $ 14.4 million in 2017.
Alfa Laval will continue to sell tubular heat exchangers produced in Bergamo, Italy and Sarasota, USA for niche applications.