BMR, JSA act on acquisition of Spirotech by LU-VE S.p.A

Italy based LU-VE S.p.A has signed a binding agreement to acquire 95% shares of Spirotech Heat Exchanges, an Indian company manufacturing and selling heat exchanger coils..The acquisition, which is worth about €31.92 million for 95% of the shares, will be undertaken by through LU-VE India..BMR Legal, acted as domestic counsels for LU-VE with a team lead by Partner Amit Khansaheb along with Principal Associate Nikhil Sachdeva, Senior Associate Rahul Chugh and Associate Mayank Malhotra..Studio Biscozzi Nobili, acted as international counsels for LU-VE with a team led by Partner Giancarlo Cortese and Associate Cristiana Visco..J. Sagar Associates acted for Spirotech, with a team including Partner Manvinder Singh and Associate Upasana Gupta..Zeus Law, acted for one of the selling shareholders..LU-VE is one of the main European producers of heat exchangers and components for commercial and industrial refrigeration.