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Carel has completed the purchase of German humidifier manufacturer HygroMatik as it continues its expansion strategy.
The company believes the move will consolidate Carel's positioning in German-speaking countries and northern Europe, thanks to the strong penetration of the acquired company in these markets.
Group CEO Francesco Nalini said: "The HygroMatik transaction follows the acquisition of Recuperator completed on 23 November and confirms Carel's focus on M&A activity as a strategic lever, which, together with organic growth, will be a driver of our development in the coming years. In particular, the integration with HygroMatik, one of the most dynamic and innovative companies in the sector, will allow the group to improve its positioning on the German and Northern European markets, strengthening its European leadership in reference applications."
HygroMatik is based in Henstedt-Ulzburg, near Hamburg. It designs, produces and markets humidifiers and related accessories, in the industrial, commercial and wellness field.