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Report | December 2018

Nederman acquires Luwa Air Engineering

Nederman Group is a world-leading supplier and developer of products and solutions within the environmental technology sector.

Nederman has signed and completed a deal to acquire 100 per cent 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. Luwa Group’s activities include: 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. 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 1,800 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. Luwa India with its manufacturing facility in Bangalore and execution and sales offices in Noida, Ahmedabad, Coimbatore, Mumbai and Ichalkaranji are the leading supplier of humidification and air-conditioning systems in India.

“Luwa is an excellent complimentary fit for the Nederman Group. Combining Luwa’s strong market presence, particularly in the Asia Pacific region, and their proven world leading technical capabilities and strong brand name and installed base within the strategically important fibre and textile markets, with Nederman’s global organisation and presence will make the Nederman Group a more complete partner for our customers,” says CEO, Sven Kristensson. On behalf of the sellers and owners for the past 11 years, Gruenwald Equity Group, Dr Raimund Koenig, founder and managing partner says: “The perfect fit of Luwa with Nederman again shows the success of the long term strategic and operational investment approach of Gruenwald Equity in developing businesses.”

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