ITALY: Commercial and industrial refrigeration manufacturer Lu-Ve has recorded sales of €284,728m in the first nine months of 2019 – a 26.1% increase on the first nine months of 2018.
On a like-for-like basis – excluding the results from Lu-Ve’s acquisition’s of AL Air in May the year and Zyklus in July 2018 – the Group’s product sales grew by 7.3%.
The order book has also grown to €83,947m, a 102.9 % increase compared to 30 September 2018. Taking AL Air in May and Zyklus out of the equation, the order backlog is up by 17.5 %.
Lu-Ve achieved sales of €306.9m for the whole of 2018.
Lu-Ve completes €67m AL Air purchase – 2 May 2019
ITALY: Lu-Ve SpA has completed the acquisition of AL Air, the air heat exchanger division of Alfa Laval for €67.1m. The agreement was first announced in December. Read more…
Lu-Ve acquires US manufacturer Zyklus – 2 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…