World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Alfa Laval to sell h-ex business

SWEDEN: Alfa Laval is to sell its heat exchanger systems business, currently part of the Greenhouse division, to the NIBE Group.

The closing of the agreement is expected during the second quarter of 2018.

The heat exchanger systems business has been a part of Greenhouse since 2016 and reported revenues of SEK300m (€29m) last year.

“This business has indeed improved throughout last year,” said Tom Erixon, president and CEO of the Alfa Laval Group. ”However we concluded that it would have even better opportunities to develop under the ownership of the NIBE Group. NIBE Group is a solid player with a dedicated focus on the HVAC industry – and the heat exchanger systems will be a valuable complement to their current portfolio.”

“With the acquisition, NIBE Climate Solutions gets a high-quality product complement with good business opportunities within the district heating market, while providing positive synergies with NIBE’s heat pumps,” says Gerteric Lindquist, CEO of NIBE Industrier. “It is also valuable and positive that the management and employees in the heating and cooling business will continue their employment in the NIBE Group.”

The agreement to divest the heat exchanger systems business to the NIBE Group will impact in total about 60 employees based in Sweden, France, Russia, Czech Rep, Finland, UK and Slovakia. These employees will continue their employment in the NIBE Group following the closing date of the transaction.

Alfa Laval says it will continue to develop and produce heat exchangers for the HVAC market, including the district heating market. NIBE Group will remain a customer to Alfa Laval after the divestment.

Latest News

16th May 2025

Carrier Transicold enhances cold chain training in Africa

USA/RWANDA: Carrier Transicold has delivered transport refrigeration units and connected cold chain solutions to support training courses and sustainable cold chain systems in East Africa.
16th May 2025

Daikin opens residential AC factory in Indonesia

INDONESIA: Production of residential air conditioners has commenced at Daikin's new $220m factory in Indonesia.
15th May 2025

Danfoss set to introduce new case controller

DENMARK: Danfoss is set to introduce a new high performance controller for plug-in and remote TXV refrigerated display cases. 
15th May 2025

MHI 1234yf chiller wins second award

JAPAN: Mitsubishi Heavy Industries’ R1234yf chiller has won its second major Japanese technology award.
15th May 2025

Gatwick airport lands heat pump deal

UK: London Gatwick airport has agreed a five-year contract with Vital Energi to decarbonise heat and eliminate natural gas by installing heat pumps in 50 key airport buildings.
14th May 2025

Cooltherm is approved Turbocor service provider

UK: Bristol-based Cooltherm has been accredited as an approved service provider for the Danfoss Turbocor oil-less compressor.