Alfa Laval acquires minority stake in Ageratec – a Swedish innovation company within the biodiesel industry
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired about 45 percent of the Swedish company Ageratec, that develops innovative process solutions for the biodiesel industry. Ageratec’s estimated sales 2008 are about SEK 80 million.
“Non-food based feedstock plays an increasingly important role in the production of biodiesel and the reuse of vegetable cooking oil is one very good example of this development. This is today also driving Ageratec’s business”, says Lars Renström, President and CEO of the Alfa Laval Group. “By acquiring a minority stake in Ageratec we will be in the frontline of the process development for the biodiesel industry.”
Did you know that Alfa Laval is involved in finding sustainable solutions for biodiesel? Examples of non-food based feedstock used in production of biodiesel already today are janthropa, algae and used cooking oil.
About Ageratec
Ageratec is a privately-owned Swedish company, established in 2004, specialized on standardized biodiesel production skids. Based on R&D activities started in 1997, the company is forging its success on an agent, eliminating the need for washing thus reducing water consumption. In addition, Ageratec benefits from its modular design, performance, and remote performance monitoring as well as extensive technical support. The company has its office in Norrköping, Sweden, with about 50 employees and resellers in 22 countries.
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 the Nordic Exchange, Nordic Large Cap, and, in 2007, posted annual sales of about SEK 25 billion (approx. 2.7 billion euros). The company has some 11,500 employees.
www.alfalaval.com
For more information please contact:
Peter Torstensson
Senior Vice President, Communications
Alfa Laval
Tel: + 46 46 36 72 31
Mobile: +46 709 33 72 31
Alfa Laval AB (publ) discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.15 on June 17, 2008.