Carel has bought Italian air-to-air heat exchanger manufacturer Recuperator.
The move is designed to expand the product portfolio on offer in the HVAC market, consolidating Carel's role as a supplier of complete solutions to manufacturers of air handling units and providing them with improved solutions in terms of performance and energy efficiency.
Francesco Nalini, chief executive officer of the group, said: "The transaction is an expression of a particularly important strategic direction, that of growth through M&A, to which Carel is paying and will continue to pay particular attention over the coming quarters. The integration with dynamic, cutting edge and complementary companies with respect to our business will be an accelerator of development that will be accompanied by organic growth, the latter based on the characteristics that have always distinguished us: innovation, energy efficiency and customer care."
Hans Güntner GmbH, which was the original name of the company, was founded in 1931 as a one-man business in a backyard in Munich. Today, the Güntner Group, which includes the sister companies Güntner GmbH & Co. KG, JAEGGI Hybridtechnologie AG and thermowave GmbH, boasts 9 production facilities on 4 continents and nearly 3,000 employees.
All aspects of the company's development have always been and continue to be shaped by internal driving forces: When Hans Güntner was unable to find any components for a facility that he was planning, he decided to build them himself.