Nederman Group From Sweden Acquires Luwa Air Engineering AG

Mergers & Acquisition

Nederman Group From Sweden Acquires Luwa Air Engineering AG

Nederman signed and completed a deal to acquire 100% of the shares in Luwa Air Engineering AG, a global manufacturer and supplier of custom engineered air conditioning systems, waste handling plants and heat recovery systems for fibre applications. Luwa is based in Uster, Switzerland and operates through global entities in India, China, Singapore, USA and Turkey. The Luwa Group’s activities include the design and engineering of individual and whole systems as well as manufacturing, assembly, installation and after sales services. Manufacturing and assembly facilities are situated in India and China and the group has a significant global installed base that is the source of Luwa’s deep understanding of the technical demands as well as the local requirements of customers. The Nederman Group is a world-leading supplier and developer of products and solutions within the environmental technology sector. Clean air is a cornerstone for sustainable production and Nederman’s products and solutions help industries to improve production efficiency, reduce environmental impact and protect employees from harmful dust, smoke and fumes. The Nederman Group is listed on Nasdaq Stockholm. The Group has 1800 employees and presence in more than 50 countries. Luwa will be part of the Nederman Mikropul organisation. The Luwa brand and team will continue to operate as before, and their high quality solutions will add to the Nederman Group’s capabilities in the strategically important global fibre and textile market.