Syntagma Capital announced that it has entered into exclusive negotiations with Lennox International to acquire its European Commercial HVAC and Refrigeration businesses. The division manufactures commercial heating, air conditioning and air handling equipment. The Commercial Refrigeration division designs and manufactures commercial evaporators, condensing units, condensers, and dry coolers. It serves clients in the industrial, retail, logistics, residential, office and HORECA sectors in over 40 countries. The Businesses are headquartered in Lyon, France and employ ca. 940 people across 4 sites and organization.