Luvata Announces it has Acquired ECO SpA
February 18, 2008
NEW YORK - At the 2008 Air Conditioning, Heating, Refrigerating Exposition, Luvata noted that it had signed an agreement to acquire ECO SpA. Luvata supplies fabricated metal solutions, services, and components to manufacturers and the construction industry. ECO makes heat transfer coils and coolers.
According to Luvata, the acquisition represents “a strategic opportunity to strengthen its product offers in value-added solutions” in HVACR. “The ECO Group has a strong, established position in Europe, complementing Luvata’s position in North America,” it was reported.
The release also noted that Luvata “emerged when Outokumpu Copper Products was acquired by Nordic Capital in 2005.”
Publication date: 02/18/2008