Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid
handling – has completed the acquisition of Frank Mohn AS, following approval
from competition authorities. The acquisition, which adds marine and offshore
pumping systems, represents a significant business opportunity as it further
strengthens Alfa Laval’s position as a leading provider of critical systems for
marine and offshore oil and gas production units.
The cash consideration totals NOK 13 billion, on a cash and debt free basis. In
2013 Frank Mohn AS, which has some 1,200 employees, reported sales of NOK 3.4
billion and an order intake of NOK 6.1 billion. The acquisition, consolidated as
of May 22, will be accretive to EPS as from the closing.
“Frank Mohn AS is an excellent and well-run company,” says Lars Renström,
President and CEO of the Alfa Laval Group. “I am very pleased to welcome all its
employees and its customers to Alfa Laval.”
The acquisition strengthens Alfa Laval’s product offering as regards to fluid
handling equipment and it also strengthens Alfa Laval’s position in the marine
and offshore markets. Frank Mohn AS, with the brand name Framo, is a leading
supplier of submerged pumping systems to these markets.
Did you know that… forecasts predict that the rising U.S. exports of chemicals
such as ethylene, a basic building block in plastics and textiles, would drive a
five to six percent annual rise in global demand for chemical tankers over the
next three years?
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering
solutions based on its key technologies of heat transfer, separation and fluid
The company’s equipment, systems and services are dedicated to assisting
customers in optimizing the performance of their processes. The solutions help
them to heat, cool, separate and transport products in industries that produce
food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar
Alfa Laval’s products are also used in power plants, aboard ships, in the
mechanical engineering industry, in the mining industry and for wastewater
treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100
countries to help them stay ahead in the global arena.
Alfa Laval is listed on Nasdaq OMX, and, in 2013, posted annual sales of about
SEK 29.8 billion (approx. 3.5 billion Euros). The company has today about 16 300
For more information please contact:
Senior Vice President, Communications
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
Investor Relations Manager
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
2321 Rosecrans Avenue.
El Segundo, CA 90245 Phone: (800) 307-6627 Fax: (800) 307-3567
25 Basinghall Street,
London EC2V 5HA
UK Phone: +1 866-465-8454