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Carel acquires Hygromatik

Carel Industries SpA has acquired of the entire share capital of HygroMatik GmbH (part of the group Spirax Sarco Engineering PLC). The company is based in Henstedt-Ulzburg, near Hamburg and designs, produces and markets humidifiers and related accessories, in the industrial, commercial and wellness field.

CAREL HYGROMATIK

Carel Industries SpA has acquired of the entire share capital of HygroMatik GmbH.

The transaction is an implementation of one of the main pillars of the group's strategy, which envisages a growth path through M&A activities aiming to strengthen its core business, increasing market share in the reference geographical areas and in contiguous applications.

Indeed, integration with HygroMatik will consolidate Carel's positioning in German-speaking countries and in northern Europe thanks to the strong penetration of the acquired company in these markets and will allow for a better positioning in the context of different applications, leveraging the strength of the brand, the industrial excellence and specialised expertise in the field of humidification of one of the main players in the sector.

To this will be added the contribution of the exclusive technological, strategic and commercial know-how that Carel has developed during its 45 years of life and that will be the basis for exploiting further growth opportunities.

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