AL-KO, a portfolio company of Primepulse, has sold AL-KO Air Technology to Trane Technologies
AL-KO Air Technology
AL-KO Air Technology designs, manufactures, sells and services sustainable air handling units and extraction systems for a broad range of applications in diverse markets, such as pharmaceutical, healthcare, industrial processes, retail, recreational and commercial buildings.
Primepulse, through its subsidiary AL-KO SE, sold AL-KO Air Technologies in order to focus on its technology-and-digital-oriented investment strategy. Lincoln International managed a highly competitive auction process with multiple international strategic buyers against a difficult economic environment. The transaction brings complementary air handling, extraction and ventilation solutions to Trane Technologies’ commercial heating, ventilation and air conditioning (HVAC) product and services portfolios in Europe and Asia.
Michael Drill, Managing Director and Chief Executive Officer of Lincoln International Germany, commented, “We are very pleased to have generated significant interest from global strategics for AL-KO Air Technology and to have delivered a highly satisfactory outcome to our client, Primepulse.”
Andreas Bienert, Managing Director in Lincoln International’s Industrials Group, added, “The transaction success was achieved through Lincoln International’s deep sector knowledge, thorough process preparation and execution of a highly tailored sale process focused on international strategics.”
We are very pleased that we have found a great new home for AL-KO Air Technology and its employees and that the very professional, hands-on collaboration with Lincoln International has led to a highly successful transaction outcome.
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