Alfa Laval completes acquisition of cryogenic business from French group Fives
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.
Alfa Laval (OTC:ALFVY) ha completato l'acquisizione di Fives Energy Cryogenics, un esperto leader nelle tecnologie criogeniche di trasferimento di calore e pompe. L'azienda acquisita, che ha registrato 200 milioni di euro di fatturato nel 2024, impiega oltre 700 persone con stabilimenti in Francia, Cina e Svizzera.
Questa acquisizione strategica arricchisce il portafoglio di Alfa Laval nel settore energetico, in particolare nelle tecnologie per GNL, idrogeno e cattura del carbonio. L'unit脿 acquisita vanta oltre 65 anni di esperienza in scambiatori di calore criogenici e pompe per la liquefazione del gas. L'attivit脿 sar脿 integrata nella Divisione Energia di Alfa Laval come unit脿 di business separata.
Alfa Laval (OTC:ALFVY) ha completado la adquisici贸n de Fives Energy Cryogenics, un experto l铆der en tecnolog铆as criog茅nicas de transferencia de calor y bombas. La empresa adquirida, que report贸 200 millones de euros en ingresos en 2024, emplea a m谩s de 700 personas con instalaciones en Francia, China y Suiza.
La adquisici贸n estrat茅gica mejora el portafolio de Alfa Laval en el sector energ茅tico, especialmente en tecnolog铆as para GNL, hidr贸geno y captura de carbono. La unidad adquirida aporta m谩s de 65 a帽os de experiencia en intercambiadores de calor criog茅nicos y bombas para la licuefacci贸n de gas. El negocio se integrar谩 en la Divisi贸n de Energ铆a de Alfa Laval como una unidad de negocio independiente.
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Alfa Laval (OTC:ALFVY) a finalis茅 l'acquisition de Fives Energy Cryogenics, un expert de premier plan dans les technologies cryog茅niques de transfert de chaleur et de pompes. L'entreprise acquise, qui a r茅alis茅 un chiffre d'affaires de 200 millions d'euros en 2024, emploie plus de 700 personnes avec des sites en France, en Chine et en Suisse.
Cette acquisition strat茅gique renforce le portefeuille d'Alfa Laval dans le secteur de l'茅nergie, notamment dans les technologies pour le GNL, l'hydrog猫ne et la capture du carbone. L'unit茅 acquise apporte plus de 65 ans d'expertise dans les 茅changeurs de chaleur cryog茅niques et les pompes pour la liqu茅faction du gaz. L'activit茅 sera int茅gr茅e 脿 la division 脡nergie d'Alfa Laval en tant qu'unit茅 commerciale distincte.
Alfa Laval (OTC:ALFVY) hat die 脺bernahme von Fives Energy Cryogenics abgeschlossen, einem f眉hrenden Experten f眉r kryogene W盲rme眉bertragungs- und Pumpentechnologien. Das erworbene Unternehmen, das im Jahr 2024 einen Umsatz von 200 Millionen Euro erzielte, besch盲ftigt 眉ber 700 Mitarbeiter und verf眉gt 眉ber Standorte in Frankreich, China und der Schweiz.
Die strategische 脺bernahme erweitert das Portfolio von Alfa Laval im Energiesektor, insbesondere bei Technologien f眉r LNG, Wasserstoff und CO2-Abscheidung. Die erworbene Einheit bringt 眉ber 65 Jahre Expertise in kryogenen W盲rmetauschern und Pumpen f眉r die Gasverfl眉ssigung mit. Das Gesch盲ft wird als eigenst盲ndige Gesch盲ftseinheit in die Energiedivision von Alfa Laval integriert.
- 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
- Integration risks with new 700+ employee business unit
- Potential challenges in managing facilities across multiple countries
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.听
The closing of the acquisition was subject to necessary regulatory approvals, as previously communicated .
Contacts
Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90
[email protected]
Sara Helweg-Larsen
Head of Communication, Alfa Laval
Mobile: +46听730 35 80 98
[email protected]
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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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| Alfa Laval completes acquisition of cryogenic business from French group Fives Alfa Laval press release 20250708 |
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