Carel Industries completes acquisition of Recuperator SpA
Carel Industries SpA has acquired the entire share capital of Recuperator SpA, an Italian company specializing in the design and production of air-to-air heat exchangers.
Company officials said the acquisition of Recuperator SpA will expand Carel’s HVAC product portfolio and consolidate its role as a supplier of complete solutions to manufacturers of air handling units. The manufacturer also said the acquisition will help strengthen its presence in the European market. Furthermore, the regulatory context in which the operation has been completed is particularly important to the company. EU Regulation no. 1253/2014 (so-called Ecodesign) provides for the mandatory presence of a heat exchanger for some categories of non-residential air handling units.
"The transaction completed today is an expression of a particularly important strategic direction, that of growth through M&A, to which CAREL is paying and will continue to pay particular attention over the coming quarters,” said Francesco Nalini, Carel Industries CEO. “The integration with dynamic, cutting edge, and complementary companies with respect to our business will be an accelerator of development that will be accompanied by organic growth, the latter based on the characteristics that have always distinguished us: innovation, energy efficiency, and customer care. "