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Majority stake Announced Feb 2022

Systemair acquires Tecnair LV S.p.A. from LU-VE Group and Monti family

Relationship map

Relationship map for Systemair acquires Tecnair LV S.p.A. from LU-VE Group and Monti familyparent ofSystemair AB: PlatformSystemair ABTecnair LV S.p.A.: Operating CompanyTLTecnair LV S.p.A.
Operating CompanyPlatform

Parties
Acquirer
Systemair AB
Platform
Target
Tecnair LV S.p.A.
Operating Company

Summary

Systemair agreed to acquire 80% of Italian precision cooling maker Tecnair LV S.p.A. from LU-VE Group and the remaining 20% from the Monti family for EUR 15 million debt-free, pending Italian regulatory approval.

Primary source