LU-VE Group Lands in USA
LU-VE announces the acquisition of the US corporation Zyklus Heat Transfer, active in the manufacturing and commercialisation of heat exchanger coils.
LU-VE announces the acquisition of the US corporation Zyklus Heat Transfer, active in the manufacturing and commercialisation of heat exchanger coils. LU-VE , whose shares were admitted to trading on the Italian stock exchange in June 2017, is the holding company of LU-VE Group, one of the main European producers of heat exchangers and ventilated products for the refrigeration, air conditioning and industrial process cooling markets, with production facilities in Europe, Russia, China and India.
Zyklus specialises in manufacturing heat exchangers for commercial refrigeration, refrigerated transport and air conditioning. It has inherited a long tradition in this sector and is deeply-rooted in its territory, with a client base of prime importance. The acquisition allows LU-VE Group to make use of an existing production facility in the USA as a platform to expand its own business in the North American markets, through the strengthening of the commercial, technical and production structure of Zyklus. At present, there are no existing commercial relationships between Zyklus and LU-VE Group.