Alfa Laval continues to expand its product portfolio – acquires safety equipment for the marine industry
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has acquired the assets and technology for a gas combustion unit from the company Snecma (Safran). The product, which will be included in the offering from the Marine & Offshore Systems segment, is expected to generate sales of about SEK 40 million in 2013.
The product is a piece of safety equipment for Liquefied Natural Gas (LNG) carriers. It prevents overpressure of the LNG tanks by venting the boil-off gas and burning it, instead of letting the highly flammable gas out into the atmosphere, which is prohibited by marine safety regulations.
Lars Renström, President and CEO of the Alfa Laval Group, comments on the acquisition: “With this acquisition we expand and further strengthen our offer to the growing gas transportation business, a business which typically has high barriers to entry. Few companies can offer this type of safety equipment.”
Did you know that… the International Energy Agency (IEA) estimates cumulative investments of almost SEK 550 billion ($ 86 billion) in LNG carriers until 2035?[1]
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 2012, posted annual sales of about SEK 29.8 billion (approx. 3.5 billion Euros). The company has today about 16 400 employees.
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
Gabriella Grotte
Investor Relations Manager
Alfa Laval
Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82
[1] Source: World Energy Outlook 2011
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