ITALY: Heat exchanger manufacturer Lu-Ve has reported record turnover and earnings in the first half of this year.
The Italian manufacturer achieved a turnover of €152.8m in the first six months, an increase of 14.9% on the same period in 2017. EBITDA was €18.1m, up 27.4% on 2017.
Lu-Ve chairman, Dr Iginio Liberali, commented: “We have recorded an excellent first half of 2018: an important growth with positive results, which lays the foundations for an equally good result at the end of the year.In the medium term, the acquisition of Zyklus in USA opens up new growth and development prospects, both in terms of geographic and market areas.”
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…