Swedish manufacturing firm Alfa Laval has signed a binding put-option agreement to acquire Fives Cryogenics, a French business specialising in cryogenic heat transfer and pump technologies, for €800m.
By adding cryogenic technologies to its portfolio, Alfa Laval aims to expand its capabilities to support the energy transition.
If the purchase goes ahead, Fives will become part of Alfa Laval’s energy division and operate as a separate business unit.
Tom Erixon, President and CEO of Alfa Laval, said the company would continue to invest in capabilities and growth in the next five years, particularly in France.
... to continue reading you must be subscribed
