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Lu-Ve sales rise 29% in 2019

ITALY: Commercial and industrial refrigeration equipment manufacturer Lu-Ve is set to announce sales of €389.245m in 2019, an increase of 29% on the previous year.

Excluding the results of the first half of the US company Zyklus Heat Transfer, acquired by Lu-Ve in July 2018, and the results of the AL Air division acquisition in May 2019, the like-for-like turnover grew by 6.7%. The order backlog increased by 13.6%.

Related stories:

Lu-Ve to acquire Alfa Laval business – 12 December 2018
SWEDEN: Alfa Laval is to sell major parts of its commercial/industrial air heat exchanger business to Italian company Lu-Ve for around €66m. Read more…

Lu-Ve acquires US manufacturer Zyklus2 July 2018
ITALY/USA: Lu-Ve has expanded in the USA with the acquisition of Texas-based commercial refrigeration heat exchanger manufacturer Zyklus Heat Transfer. Read more…

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