Lumelco is one of the leading independent air conditioning distributors in Spain, focused primarily on AC for domestic and professional use.
Lumelco complements its air conditioning line with solar panels and burners.
Acquisition of a 23% equity stake in 2006 for € 10.5 million.
Partnering with the Lumbreras family; CEO invested 5% of the company at same valuation.
Exclusive distribution contract with Mitsubishi Heavy Industries since 1985.
Significant growth opportunity in the Spanish AC market, particularly in the professional segment as well as in certain regions.
New product introductions including AC for buildings line and solar panels with strong business potential.