Alfa Laval completes acquisition of cryogenic business from French group Fives
Rhea-AI Summary
Alfa Laval (OTC:ALFVY) has completed the acquisition of Fives Energy Cryogenics, a leading expert in cryogenic heat transfer and pump technologies. The acquired business, which reported EUR 200 million in revenue in 2024, employs over 700 people with facilities in France, China, and Switzerland.
The strategic acquisition enhances Alfa Laval's portfolio in the energy sector, particularly in technologies for LNG, hydrogen, and carbon capture. The acquired unit brings 65+ years of expertise in cryogenic heat exchangers and pumps for gas liquefaction. The business will be integrated into Alfa Laval's Energy Division as a separate business unit.
Positive
- Strategic expansion into cryogenic technology market with EUR 200M revenue business
- Strengthens position in growing LNG, hydrogen, and carbon capture markets
- Adds 700+ skilled employees and manufacturing facilities in three countries
- Enhances technological capabilities in gas liquefaction and regasification
Negative
- Integration risks with new 700+ employee business unit
- Potential challenges in managing facilities across multiple countries
News Market Reaction
On the day this news was published, ALFVY gained 0.56%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The acquisition of Fives Energy Cryogenics introduces a strong technology platform, further positioning Alfa Laval to support the global shift towards cleaner energy. The heat exchangers and pumps developed by Fives Energy Cryogenics are essential for the efficient liquefaction, regasification, and transportation of gases like LNG and hydrogen, as well as industrial gases such as carbon dioxide and nitrogen. This capability will extend Alfa Laval's existing offerings in the LNG market and complement Alfa Laval's strengths in hydrogen and carbon capture.
"This acquisition is a strategic milestone for Alfa Laval. By integrating Fives Energy Cryogenics' cutting-edge cryogenic technology to our portfolio, we are not only extending our technological capabilities but also reinforcing our commitment to driving the energy transition. This acquisition positions us at the forefront of innovation in important future markets, enabling sustainable volume growth and value creation," says Tom Erixon, CEO and President, Alfa Laval.
Fives Energy Cryogenics has more than 65 years of experience designing and manufacturing cryogenic heat exchangers and pumps for gas liquefaction. The company holds a strong position in the world market with its headquarters in
The cryogenic business will become part of Alfa Laval's Energy Division and will operate as a new separate business unit. The integration will start immediately.
The closing of the acquisition was subject to necessary regulatory approvals, as previously communicated here.
Contacts
Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90
johan.lundin@alfalaval.com
Sara Helweg-Larsen
Head of Communication, Alfa Laval
Mobile: +46 730 35 80 98
sara.helweglarsen@alfalaval.com
This is Alfa Laval
The ability to make the most of what we have is more important than ever. Together with our customers, we're innovating the industries that society depends on and creating lasting positive impact. Alfa Laval is a leading global provider of first-rate products in the areas of heat transfer, separation and fluid handling. We're set on helping billions of people to get the energy, food, and clean water they need. And, at the same time, we're decarbonizing the marine fleet that is the backbone of global trade.
We pioneer technologies and solutions that enable our customers to unlock the true potential of resources. As our customers' businesses grow stronger, the goal of a truly sustainable world edges closer. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we're pioneering positive impact.
Alfa Laval was founded 140 years ago, has customers in 100 countries, employs more than 22,300 people, and annual sales were
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The following files are available for download:
https://mb.cision.com/Public/905/4204309/91ea516d787868b8.pdf | Alfa Laval completes acquisition of cryogenic business from French group Fives Alfa Laval press release 20250708 |
Thomas Møller Vincent Pourailly Tom Erixon press release |
FAQ
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