Regulatory News:
Alfa Laval (STO:ALFA) – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired the US based company Vortex Systems, a leading manufacturer of innovative mixing and blending solutions for the oil & gas industry.
Lars Renström, President and CEO of the Alfa Laval Group, comments on the acquisition: "The acquisition of Vortex Systems will further strengthen our offering to the interesting oil and gas industry, both for onshore and offshore applications."
Vortex Systems had sales of approximately SEK 100 million in 2011 and about 20 employees at its location in Huston, Texas, USA.
The intention is to integrate Vortex Systems into Alfa Laval. The company will be consolidated into Alfa Laval from June 30, 2012.
Did you know that… Alfa Laval with the acquisition of Vortex Systems. has acquired 32 companies during the last 6 years representing about SEK 8.5 billion in sales at the time of the acquisition?
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 handling.
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 and ethanol.
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 2011, posted annual sales of about SEK 28.6 billion (approx. 3.2 billion Euros). The company has today about 16 000 employees. www.alfalaval.com
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Contacts:
Alfa Laval
Peter Torstensson Senior Vice President, Communications
Tel:
+ 46 46 36 72 31
Mobile: +46 709 33 72 31
or
Gabriella
Grotte Investor Relations Manager
Tel: +46 46 36 74 82
Mobile:
+46 709 78 74 82
