World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Epta reports 9% sales increase

ITALY: Commercial refrigeration equipment manufacturer Epta has reported sales of €888m for the financial year ending December 31 2017, up €74m (9%) on 2016.

The increase in revenue is both organic and as a result of the acquisition of three partner companies last year: Portanuova in Chile and Peru in April, King Richard Shop System in the Philippines in July and Libre in Poland at the end of August.

The EMEA region accounted for €777m of turnover, with €70.7m from Asia-Pacific and €40.2m from Latin America.

Epta chairman and CEO Marco Nocivelli described the results as positive and in line with the company’s industrial plan.

“These important results are the outcome of a development project based on growth by acquisitions, with the M&A operations we completed during 2017, and organic growth, with an increased diversification of our offer even through online channels and an intensified capacity for our production plants,” he said.

Related stories:

Epta buys Philippines distributor – 1 July 2017
ITALY: Commercial refrigeration manufacturer Epta SpA has acquired its longstanding distributor in the Philippines King Richard Shop System. Read more…

Epta buys Polish distributor – 20 September 2017
POLAND: The commercial refrigeration group Epta SpA has consolidated its presence in Central Europe with the acquisition of its Polish distributor Libre. Read more…

Latest News

27th November 2024

Daikin creates virtual training environment

JAPAN: Daikin Industries and Japanese IT and electronics company NEC have begun air conditioning service engineer training using virtual and augmented reality technologies.
27th November 2024

Kensa claims myth busting heat pump project

UK: A 100-year-old London social housing estate, comprising 81 flats across four blocks, is said to be the oldest to be heated using a networked heat pump solution.
27th November 2024

Qvantum heat pumps enter the UK market

UK: Swedish heat pump manufacturer Qvantum has officially introduced its propane-based heat pump solutions to the UK market. 
26th November 2024

Panasonic opens new propane Aquarea production line

UK: Panasonic has opened a new production line at its Pilsen factory in the Czech Republic, dedicated to its large-capacity Big Aquarea M Series R290 air-to-water heat pumps. 
26th November 2024

Daikin and Copeland announce US joint venture

USA/JAPAN: Two of the HVAC industry’s leading manufacturers, Copeland and Daikin, have announced a joint venture for Copeland to bring Daikin’s inverter swing rotary compressor technology to the US.
26th November 2024

High-pressure float valve for NH3 and CO2

GERMANY: GEA AWP has developed a new high-pressure float valve for ammonia and CO2 industrial refrigeration and cooling processes.