In order to gain a strong foothold in the European market, Air conditioner coil maker Lloyd Electric and Engineering Ltd has made announcement about the acquirement of Czech customised finned heat exchangers maker Luvata Czech through a special purpose vehicle.
However, the company has not disclosed the financial details of the deal up till now.
Lloyd Electric & Engineering is the maker of condenser coils and evaporator coils. Its products are used in window, package, automotive and split air-conditioners. The company also supplies products to lots of original equipment manufacturers.
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