Alfa Laval (OTCPK:ALFVY) is set to acquire France-based Fives Cryogenics, leader in cryogenic heat transfer and pump technologies, for Є800 million on a cash and debt-free basis.  Fives Cryogenics, with over 60 years of experience in gas liquefaction,

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.

Swedish industrial heavyweight Alfa Laval AB is set to supercharge its position in the global gas market with the acquisition of Fives Cryogenics, the cryogenics arm of French conglomerate Fives Group,