A Hot Acquisition For Alfa Laval
Alfa Laval, a company that specializes in heat transfer, centrifugal separation and fluid handling, has signed an agreement to acquire Aalborg Industries Holding A/S for US$732 million (SEK 5 billion). The closing of the transaction is subject to clearance from regulatory authorities.
Aalborg Industries has about 2600 employees and is expected to generate sales of about US$484 million (SEK 3.3 billion) in 2010. Headquartered in Aalborg, Denmark, the company provides critical products, systems and service to the marine and offshore markets, as well as the power industry. Its products include boiler systems, thermal fluid systems, waste heat recovery systems and inert gas systems.
With the acquisition, Alfa Laval will further improve its offer in heat transfer, the company said. It will add positions in select market segments, including boilers and thermal fluid systems, as well as inert gas systems.