Enginia S.r.l., a company operating in the design, production and marketing of dampers and other plastic and metal components for air handling units, with solutions dedicated to OEM customers became part of CAREL Group.
Enginia, operating in the aeraulic sector since 1997 is based with a 4700mq headquarters in Trezzo sull’Adda (MI), and its workforce numbers 46 people.
The integration with Enginia will make it possible to expand the CAREL’s 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. Economies of scope and logistical synergies with the nearby Recuperator are also expected.
The transaction is primarily attributable to the implementation of one of the main pillars of CAREL's strategy, which envisages, alongside organic development, growth through external lines, including through complementary products in the reference applications, with the aim of strengthening its core business.
It is also part of a process of improving the Group's competitive position and market share in a fast-growing sector such as that of air handling units. This path, already started with the acquisition of Recuperator S.p.A. in 2018, a leading company in the supply of heat recovery units for these applications, is enriched today by another piece in the proverbial puzzle.
Francesco Nalini, the CAREL Group CEO, commented: "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. Moreover, it represents an opportunity of growth in an expanding market as the one of the air handling units, joining Recuperator S.p.A., 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".
