Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid
handling – has completed the acquisition of Frank Mohn AS, following approval
from competition authorities. The acquisition, which adds marine and offshore
pumping systems, represents a significant business opportunity as it further
strengthens Alfa Laval’s position as a leading provider of critical systems for
marine and offshore oil and gas production units.
The cash consideration totals NOK 13 billion, on a cash and debt free basis. In
2013 Frank Mohn AS, which has some 1,200 employees, reported sales of NOK 3.4
billion and an order intake of NOK 6.1 billion. The acquisition, consolidated as
of May 22, will be accretive to EPS as from the closing.
“Frank Mohn AS is an excellent and well-run company,” says Lars Renström,
President and CEO of the Alfa Laval Group. “I am very pleased to welcome all its
employees and its customers to Alfa Laval.”
The acquisition strengthens Alfa Laval’s product offering as regards to fluid
handling equipment and it also strengthens Alfa Laval’s position in the marine
and offshore markets. Frank Mohn AS, with the brand name Framo, is a leading
supplier of submerged pumping systems to these markets.
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