- 27 November 2007 -

Air heat exchanger move for Alfa Laval

Alfa Laval has acquired Finnish heat exchanger specialist Fincoil-teollisuus Oy for around SEK 425 million.

Fincoil manufactures and markets products predominantly for industrial cooling applications and has a turnover of approximately SEK 375 million and 150 employees. It reportedly has a well-established position in the Nordic countries, the Baltic countries and Russia with approximately 80% of sales exported.

"The acquisition of Fincoil is in line with Alfa Laval's strategy to expand the presence in the European air heat exchanger market, which we estimate has a size of approximately SEK 5.5 billion," says Lars Renström, CEO and president of the Alfa Laval Group. The company intends to fully integrate Fincoil into Alfa Laval.

Fincoil is the company's second acquisition in the world-wide industrial cooling and refrigeration market. In April, Alfa Laval acquired the Dutch company Helpman with sales of approximately SEK 200 million.

www.alfalaval.com

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