Alfa Laval Acquires South Korean System Builder
Alfa Laval announced it has acquired Onnuri Industrial Machinery Co., Ltd., a South Korean system provider to the shipbuilding and diesel power markets. The company had sales of about US$18 million in 2008 and some 40 employees. Alfa Laval Group, said that the acquisition is in line with its strategy and adds both presence and a complementary channel to the shipbuilding and diesel power markets.
“By acquiring Onnuri, we increase our local presence which makes us even more fit to meet demands from the important Asian shipbuilding and engine builder markets,” says Lars Renström, President and CEO of the Alfa Laval Group. “We also get access to marine, as well as diesel engine, system building competence.” Onnuri will remain a separate company as it continues to offer its own systems under the Onnuri brand.
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