Alfa Laval – the Swedish world leader in heat transfer, centrifugal separation and fluid handling – has agreed with the Danish Aalborg Industries Holding A/S to take over the company for SEK 5.0 billion from its current owner, Altor 2003 Fund, LD Equity and the Company’s current management.
When the acqusition has been approved by the authorities, the merging of offices and staff of the two corporations start on the local level.
Aalborg Industries’s activities in Asia are concentrated in China, Vietnam and Singapore.
In China, the main office for Marine Boiler Sales and After Sales Service is Aalborg Industries (Shanghai) Limited.
The Dalian office and the Guangzhou office are both liaison offices of Aalborg Industries Shanghai Ltd. and active within Sales and After Sales Service for Marine Boilers. Manufacturing of Marine Boilers, Heat Exchangers, and Inert Gas Systems takes place in Qingdao.
In Hong Kong, China, Aalborg Industries Limited is active within Sales and Spare Parts for Marine Boilers.
In Vietnam, Aalborg Industries Co. Ltd. in Hanoi is active within Marine Boiler Sales while the factory in An Hong Marine Industrial Zone, Hai Phong City is manufacturing Marine Boilers.
In Singapore, Aalborg Industries Pte. Ltd. in Jurong is active not only in Marine Boiler Sales, but also FPS and Industrial After Sales Service, GOSFERN™ Burners, Control & Safety Systems.
As for Alfa Laval, the activities are much more wide spread. In Asia alone, Alfa Laval is currently present in Brunei, Cambodia, China, East Timor, India, Indonesia, Japan, Korea South, Laos, Macau, Malaysia, Myanmar, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand, and Vietnam.
The sale of Aalborg Industries takes place only five years after Altor 2003 Fund and LD Equity 1 K/S acquired the Danish company.
“After five years’ successful collaboration with the present owners, Aalborg Industries is on the threshold of a new era,” says Jan Vestergaard Olsen, President & CEO of Aalborg Industries.
“Our management is very much looking forward to becoming a part of this, together with our 2,600 employees in the Aalborg Industries Group.”
Alfa Laval, listed on the stock exchange in Stockholm, Sweden, has approximately 12,000 employees
Lars Renström, President & CEO of Alfa Laval, says:
“The acquisition of Aalborg Industries will be a significant boost to Alfa Laval’s position in the field of heat transfer. This will give Alfa Laval a position as global market leader within an attractive business segment that includes boilers, thermal fluid systems and inert gas systems. We are very much looking forward to welcoming the management and employees of Aalborg Industries to Alfa Laval.”
