Alfa completes divestment of the Greenhouse division

Alfa Laval – a world leader in heat transfer, centrifugal separation, and fluid handling – has completed the divestment of its air heat exchanger business, related to commercial/industrial air heat exchangers. The business, previously placed in the Greenhouse division, is part of the LU-VE Group.

The product group commercial/industrial air heat exchangers represented the major part of the Greenhouse division. The strategy was successful, and the air heat exchanger business reported revenues 2018 of about SEK 1.1 B, with an EBIT margin of 8.6%.

The divestment of the commercial/industrial air heat exchanger business to LU-VE Group affects about 400 employees, mainly based at the production sites in Italy, Finland and India, who have now joined the LU-VE Group.

Alfa Laval will continue to supply air heat exchangers (such as Alfa Laval ACE, Alfa Laval Niagara, and Alfa Laval OLMI) for heavy process industry applications and other types of heat exchangers (such as brazed heat exchangers) for the HVAC and refrigeration industry.

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