Alfa Laval acquires Fives Energy Cryogenics

Alfa Laval has acquired the cryogenics business unit of Fives — Fives Energy Cryogenics — which focuses on cryogenic heat transfer and pump technologies.

Fives Energy Cryogenics has more than 65 years of experience designing and manufacturing cryogenic heat exchangers and pumps for gas liquefaction. The company has its headquarters in France and manufacturing facilities in France, China and Switzerland. Fives Energy Cryogenics employs more than 700 people and reported approximately €200 million in revenue in 2024.

“This acquisition is a strategic milestone for Alfa Laval. By integrating Fives Energy Cryogenics’ cutting-edge cryogenic technology to our portfolio, we are not only extending our technological capabilities but also reinforcing our commitment to driving the energy transition. This acquisition positions us at the forefront of innovation in important future markets, enabling sustainable volume growth and value creation,” said Tom Erixon, CEO and President, Alfa Laval.

The cryogenic business will become part of Alfa Laval’s Energy Division and will operate as a new separate business unit. The integration will start immediately.

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