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Swedish firm Alfa Laval acquires French Fives Cryogenics for €800M to boost cryogenic tech.
Swedish company Alfa Laval is set to acquire French firm Fives Cryogenics for €800 million, expanding Alfa Laval's capabilities in cryogenic technologies and supporting their energy transition efforts.
Fives Cryogenics specializes in heat transfer and pump technologies for cryogenic processes.
The deal, pending consultation with works councils, marks Alfa Laval's investment in growth and capability expansion, particularly in France.
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La firma sueca Alfa Laval adquiere French Fives Cryogenics por €800M para impulsar la tecnología criogénica.