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Luvata up for sale

LuvataUK: Luvata, the UK-based refrigeration technology and metal components company, has been put up for sale by its Jersey-based private-equity-owners Nordic Capital.

According to Reuters, Nordic Capital will initially look to sell Luvata’s Heat Transfer Solutions unit, which makes air conditioning and refrigeration heat exchangers for around €500m.

Fellow private equity business Triton, which bought GEA’s heat exchanger business in 2014, has been touted as a potential buyer.

Nordic Capital originally bought the company from Outokumpu in 2005.

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