CAREL to acquire SENVA for $34m.

CAREL, a firm that designs and manufactures control solutions for HVAC and humidification systems, agreed to acquire SENVA, a firm engaged in the in the design and manufacture of a wide range of sensors, for $34m. “We are very excited by the deal signed today because it represents our first highly strategic acquisition in the Americas and further confirms our commitment to pursuing our growth objectives through M&A – a commitment that has significantly accelerated over the last 18 months. The acquisition of SENVA underscores the Group’s interest in growing and consolidating its presence in the United States, but is also part of a process of expansion in the advanced sensor sector (which we have been pursuing with the Arion transaction closed in April) that will be increasingly important in the design of energy-efficient, environmentally sustainable machines," Francesco Nalini, CAREL CEO.