Private equity firm Alcedo completed the acquisition of an 80% stake in Friulair, a group active in the design, production and sale of dryers, filters, refrigerators and accessories for the treatment of compressed air and industrial water refrigeration systems. Financial terms were not disclosed. "Despite the uncertainty of current times, we are proud to support entrepreneurial excellence such as Friulair. We believe that the compressed air and refrigeration sectors are set to be a solid long-term growth driver of industries thanks to the increasing attention to energy efficiency and environmental sustainability. The company has excellent growth opportunities, especially in foreign markets and Alcedo is enthusiast to start working with Luigi Vaccaro to accelerate growth, including through acquisition," Maurizio Tiveron, Alcedo Partner.