Brief: Alfa Laval Acquires Cryogenics Business From French Group Fives

Alfa Laval AB

21/03/2025 06:52

Corrects headline to clarify that companies sign a binding put-option agreement.

March 21 (Reuters) - Alfa Laval AB ALFA.ST:

ALFA LAVAL SIGNS AN AGREEMENT TO ACQUIRE THE CRYOGENICS BUSINESS FROM THE FRENCH GROUP FIVES

FIXED PURCHASE PRICE OF EUR 800 MILLION ON A CASH AND DEBT-FREE BASIS

TO ACQUIRE FIVES CRYOGENICS FOR EUR 800 MILLION

TRANSACTION FUNDED BY EXISTING LIQUIDITY AND DEBT FINANCING

CLOSING OF TRANSACTION IS SUBJECT TO NECESSARY REGULATORY APPROVALS AND IS EXPECTED DURING 2025

LOOKING FORWARD, COMPANY IS EXPECTED TO GENERATE REVENUE OF EUR 200-250 MILLION AND BE NEUTRAL TO POSITIVE TO ALFA LAVAL GROUP MARGIN

Source text: ID:nWkr4F7cQ2

Further company coverage: ALFA.ST

 (Gdansk Newsroom)

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