World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


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


General articles, applications and industry analysis

Lu-Ve looks for expansion

Fabio Liberali, Iginio Liberali, Pierluigi Faggioli, Michele Faggi___
The Lu-Ve owners outside the Milan Stock Exchange (l to r): Fabio Liberali, Iginio Liberali, Pierluigi Faggioli, Michele Faggioli, Matteo Liberali

ITALY: Heat exchanger manufacturer Lu-Ve is set for expansion following its listing on the Italian stock exchange.

The AIM listing is expected to accelerate the company’s existing plans for expansion in Italy, Czech Republic, Poland, Russia and China, over the next five years.

“Now, we aim to grow both organically and through acquisitions in countries with high potential, with acquisitions or construction of new plants,” said Matteo Liberali, Lu-Ve’s CEO.

Lu-Ve will also be looking at countries where it currently has no presence, such as Asia-Pacific and America.

Prior to the listing, Lu-Ve had entered into “business combination” with investment company ISI – Industrial Stars of Italy.

The Liberali family now owns 54.6% of the company, with the Faggioli family 19.2%  and 24.5% owned by stock market investors. The remaining 1.7% of the share capital is indirectly held by the promoters of Industrial Stars of Italy.

At the end of 2014, Lu-Ve Group had 1,528 employees (624 in Italy and 904 abroad). Turnover last year was €212m, of which 76% came from exports to over 100 countries.

Related stories

Lu-Ve plans stock market listing – February 3, 2015
ITALY: Refrigeration equipment manufacturer Lu-Ve is looking for growth after taking the decision to float on the Italian stock market. Read more…

Latest News

27th February 2024

Leak detection software attracts $5m funding

USA: The refrigerant leak detection software created by San-Jose-based Axiom Cloud has attracted $5m in funding to accelerate deployment of the technology.
27th February 2024

Midea opens showroom in New York

USA: Chinese air conditioning and heat pump manufacturer Midea has opened its first national showroom and distribution centre in New York.
27th February 2024

European heat pump sales down 5% in 2023

EUROPE: After a decade of increases, heat pump sales in Europe fell by around 5% in 2023 – and market analysts are expecting this downward trend to continue this year.
26th February 2024

Modine buys Canadian AHU manufacturer

USA/CANADA: Modine has entered into a definitive agreement to acquire Canadian air handling unit manufacturer Scott Springfield Manufacturing. 
26th February 2024

Stulz partners on immersion cooling

GERMANY/NETHERLANDS: Stulz Modular, the data centre design, build and maintenance services provider, is cooperating with Dutch immersion cooling specialist Asperitas in the field of liquid cooling.
26th February 2024

Brian Streatfield 1936-2024

UK: Brian Streatfield, a man who was instrumental in the formation of Carrier in the UK during the 1970s, died at the weekend. He was 87.