(Alliance News) - Lindbergh Spa announced Thursday that it has concluded, through its subsidiary SMIT Srla, an agreement to acquire 100 percent of Vergottini Srl, a historic Valtellina-based company operating in the thermo-technical plant engineering sector, with particular reference to the activities of installation, transformation, expansion and maintenance of gas, thermal, heating and air conditioning equipment, electrical systems, renewable energy and air treatment and ventilation systems and plants.

The transaction, expected to close by April, has a total value of about EUR1.1 million.

Lindbergh's stock is up 5.6 percent at EUR3.00 per share.

By Claudia Cavaliere, Alliance News reporter

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