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Alfa Laval Acquires Olmi S.p.A.

Posted on December 7, 2010

Alfa Laval, which deals with heat transfer, centrifugal separation and fluid handling, has acquired the Italian company Olmi S.p.A., which designs and manufactures shell & tube heat exchangers and air coolers for niche applications in the power and oil and gas industries.

Alfa Laval plans to integrate Olmi into the company as a competence center based on Olmi’s capabilities.

Olmi has sales of about US$102.2 million (SEK 700 million), with about 240 employees working in R&D, manufacturing and sales. The transaction was completed based on an enterprise value of approximately US$73 million (SEK 500 million). The purchase agreement also includes a limited earn-out opportunity for the seller.

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