Alfa Laval Completes Acquisition of Fives Energy Cryogenics
Alfa Laval AB, a Swedish industrial company, has completed the acquisition of Fives Energy Cryogenics, a French cryogenic business unit, for approximately 800 million euros.
The acquisition extends Alfa Laval’s portfolio in the energy sector, with the acquired business generating around 200 million euros in revenue last year. The Fives Energy Cryogenics business unit employs over 700 people.
Key details of the acquisition include:
- Acquisition price: approximately 800 million euros
- Revenue generated by acquired business: around 200 million euros in the last year
- Number of employees: over 700 people
Analysts expect Alfa Laval to report a significant increase in earnings and revenue for the latest quarter, with some predicting a 28% rise in earnings per share. The company’s stock price has been relatively stable, with some fluctuations, but the acquisition is expected to have a positive impact on its financial performance.