Alfa Laval makes acquisition
28 May 2014
Pumps firm acquires marine and offshore pumping systems company.
Fluid handling firm Alfa Laval has announced the acquisition of marine and offshore pumping systems firm Frank Mohn for a total cash consideration of Norwegian krone 13 billion (£12.8m).
Alfa Laval made the purchase to help strengthen its position as a leading supplier to the offshore oil & gas and marine markets, a statement on its website says.
“The combination of Frank Mohn and Alfa Laval will provide a very attractive offering of products, systems and services and it will strengthen our leading position as a provider of critical systems for ships and offshore oil & gas production units, with unmatched service capabilities,” said Alfa Laval Group chief executive officer and president Lars Renström.
Frank Mohn offers packaged pumping systems for offshore oil & gas installations including seawater lift, water injection and fire water pumping systems.
With the acquisition of Frank Mohn, Alfa Laval also strengthens its fluid handling portfolio by adding industrial pumping systems to the existing range of equipment, which is today mainly dedicated to sanitary applications with high demands on hygiene.
Alfa Laval intends to include Frank Mohn and the product brand Framo in the Marine & Diesel division, headed by Alfa Laval Group executive vice president Peter Leifland.
