Market leader for heat exchangers sets up subsidiary in Vienna

© Lu-Ve

The Italian Lu-Ve Group, European market leader in the production of heat exchangers and condensers for refrigeration units, has established Lu-Ve Austria GmbH, a subsidiary in Austria based in Vienna.

The Italian company had already been active in Vienna, operating a sales office since 2011. The Viennese subsidiary is designed to enable Luve-Ve to add impetus to its business in a growing market. The Lu-Ve Group based in Uboldo near the Lombard city of Varese consists of eleven production companies and is listed on the Milan Stock Exchange. The group has twelve sales outlets abroad, employs a work force of 2,400 employees and generates annual revenue of about EUR 250 million.