Alfa Laval Acquires Olmi S.p.A.
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.
For more information: www.alfalaval.com