CAREL signs a binding agreement to acquire 100% of SENVA

CAREL Industries S.p.A., through a subsidiary, entered into a binding agreement to acquire the business of SENVA Inc., expecting the closing by the end of October 2022.

SENVA, founded in 2007 and based in Beaverton (Oregon, US), is a company specialising in the design and manufacture of a wide range of sensors, mainly in the air-conditioning and ventilation sectors, and with a significant presence in indoor air quality.

Francesco Nalini commented: “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.”