Syntagma Capital Purses Lennox’s European HVAC Acquisition
Syntagma Capital, a prominent investment and asset management firm, has entered into exclusive negotiations to acquire Lennox International’s European Commercial HVAC (Heating, Ventilation, and Air Conditioning) and Refrigeration Divisions. This strategic move is expected to strengthen Syntagma Capital’s footprint in the European market and add to the company’s diverse investment options.
The proposed acquisition is a significant business development, demonstrating Syntagma Capital’s commitment to strengthening its position in the HVAC and refrigeration industries. Lennox International’s European Commercial HVAC and Refrigeration Divisions have established themselves as market leaders with a reputation for innovative solutions and excellent customer service. Syntagma Capital intends to harness its knowledge and experience to create value for its investors and clients by acquiring these divisions.
The negotiations are expected to be rigorous, involving extensive due diligence, regulatory permissions, and detailed consultations between the parties. However, Syntagma Capital and Lennox have expressed optimism about the partnership’s benefits.
Syntagma Capital Eyes Lennox’s European HVAC and Refrigeration Units
Lennox International (NYSE: LII) is in exclusive talks to acquire its European Commercial HVAC and Refrigeration operations. The HVAC division designs and manufactures commercial heating, air conditioning, and air handling equipment, and the Commercial Refrigeration division, which specializes in designing and manufacturing commercial evaporators, condensing units, condensers, and dry coolers, are included in this potential acquisition. These companies service a broad customer base in more than 40 countries throughout the industrial, retail, logistics, residential, office, and HORECA sectors. Lennox EMEA is estimated to earn approximately Euro 200 Million in revenue in 2023.
