Alfa Laval Completes Aalborg Acquisition
- Details
- Category: Manufacturers News
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15 May 2011
- Written by Infomarine On Line
Alfa Laval has completed the acquisition of Aalborg Industries Holding A/S, after having received clearance from the competition authorities. The acquisition represents a significant business opportunity as it supports Alfa Laval’s existing market offer. Another opportunity lies in the introduction of Aalborg’s products to customers in completely new end markets, through Alfa Laval’s sales network.
The cash consideration totals SEK 5.0 billion, on an enterprise value basis. Aalborg Industries has some 2,600 employees and generated sales of about SEK 3.1 billion in 2010. The acquisition, consolidated as of May 1, is expected to be accretive to EPS from 2011.
