Carel, through its subsidiary Recuperator, has purchased 100 per cent of the share capital of Enginia, a company operating in the design, production and marketing of dampers and other plastic and metal components for air handling units.
Enginia, operating in the aeraulic sector since 1997, has a 4,700m2 headquarters in Milan, Italy, and 46 staff.
Carel says the acquisition will allow the company to expand its product portfolio in the HVAC market, consolidating its role as a supplier of complete solutions to manufacturers of air handling units through advanced technologies in terms of performance and energy efficiency.
“The combination of the technology used by Enginia with the know-how and extensive sales network of Carel will allow the group to strengthen its leadership in its market niches and create important technological and commercial synergies,” says the company.
Following on from the acquisition of Recuperator in 2018 – a leading company in the supply of heat recovery units for these applications – the latest purchase is the next “piece in the proverbial puzzle”, according to Carel.
“The acquisition of Enginia is another important step in our strategy of development by external lines and adds another production platform to the thirteen already existing ones, making Carel’s offer even more complete,” says Carel Group CEO Francesco Nalini.
“Moreover, it represents an opportunity of growth in an expanding market as the one of the air handling units, joining Recuperator, which is active in the same segment through the sale of heat exchangers/recovery units. The group will make available its technological know-how and its sales network in order to enhance the strengths of Enginia with the aim of increasing business and efficiency.”