Lumikko Technologies Oy
Buy side
SONGZ Automobile Air Conditioning Co., Ltd.
Industry
Automotive Maschinen- & Anlagenbau Mobility
Team
Bitzer sells Lumikko to SONGZ
Sell side
Lumikko Technologies Oy
Buy side
SONGZ Automobile Air Conditioning Co., Ltd.
Industry
Automotive Maschinen- & Anlagenbau Mobility
Team
Transfer Partners supported Bitzer in the sale of its Finnish subsidiary Lumikko to the Chinese company SONGZ.
Lumikko Tecchnologies Oy, a subsidiary of Bitzer Group since 2012, is specialized in the development and manufacturing of cargo space temperature contol units.
SONGZ Automobile Air Conditioning Co., Ltd. is a long time business partner of Bitzer and the Chinese market leader for air conditioning in busses.
The share purchase agreement was signed at the beginning of December. As soon as the public authorities in China have approved the transaction, 100% of Lumikko will pass into the ownership of SONGZ.