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Add-on acquisition Closed Nov 2018 Verified

Carel Industries completes acquisition of Recuperator SpA

Relationship map

Relationship map for Carel Industries completes acquisition of Recuperator SpAparent ofCarel: PlatformCarelRecuperator SpA: Operating CompanyRSRecuperator SpA
Operating CompanyPlatform

Parties
Acquirer
Carel
Platform
Target
Recuperator SpA
Operating Company

Market signals

Summary

Carel Industries acquired the entire share capital of Recuperator SpA, an Italian maker of air-to-air heat exchangers, to expand its HVAC portfolio and strengthen its European presence.