| Paul Wallet founded "L'Air Conditionné Entreprise" which later became the core of Airwell Group. |
The Company developed and began the mass production of the first window unit, to offer exceptional climate conditions, mainly dedicated to European and African markets. |
AIRWELL developed a split system unit by splitting its core window unit in two parts, and was the first to produce wall split systems in Europe. |
AIRWELL entered the commercial and industrial markets with large cooling capacity for packaged air and watercooled systems. |
After the two oil crises in the 70s AIRWELL developed the first high-efficiency air to water heat pump to be connected to existing oil boilers in residential housing for oil energy saving. |
AIRWELL designed and produced the first European wall split system range including electronic remote control, a high technology crossflow fan for low noise levels, and rotary compressors. |
The Group grew with the acquisition of Spanish, Italian, German and French distribution companies, as well as the factory in Tillieres. |
The Group strengthened its position by acquiring production facilities in China, France (Wesper) and Italy, and extended its distribution network in Argentina and Turkey. |
In order to accentuate its position in the market, the Group acquired Polenz Klimatechnik in Germany. |
The Group reinforced its position in the American continent by acquiring the Fedders Residential Business (USA) and opening a new assembly line in Tierra del Fuego (Argentina). |