Carel has announced a second acquisition this month positioning the company for entry into the North American market.
Carel has acquired US sensor manufacturer, Senva Inc. which specialises in a wide range of sensors for the HVAC industry.
Senva has 65 staff and revenues in 2021 of $US12.7 million. The company has a production facility of about 2,500m2 and is in the process of expanding to a new 3,250m2 facility with a new research laboratory.
Last week Carel acquired German manufacturer, the Klingenburg Group. Carel said the transaction will open new markets and new geographies with the creation of significant cross selling opportunities.
In particular, the possibility of producing in the United States which would allow for an easier North American penetration for Kingenburg products.
Senva is based in Beaverton, Oregon, and the acquisition was valued at $34 million.
This is Carel’s first acquisition in the United States with Carel Group CEO, Francesco Nalini pointing out that the deal reinforces the company’s commitment to its growth objectives through M&A.